Global Delivery opened for business on July 1, 2010. The company uses the general ledger accounts listed below. During the first month of business, the firm had the transactions listed below. Record the transactions on page 1 of a general journal. Omit descriptions. Set up a Cash general ledger account and post the appropriate transactions to this account, account 101. $$\begin{array} { l l l l }
101 & \text { Cash } & 301 & \text { Colleen Miriam, Capital } \
103 & \text { Accounts Receivable } & 305 & \text { Colleen Miriam, Drawing } \
105 & \text { Supplies } & 401 & \text { Delivery Fee Income } \
107 & \text { Delivery Equipment } & 501 & \text { Advertising Expense } \
201 & \text { Accounts Payable } & 505 & \text { Rent Expense } \
& & 510 & \text { Utilities Expense }
\end{array}$$

Question

Global Delivery opened for business on July 1, 2010. The company uses the general ledger accounts listed below. During the first month of business, the firm had the transactions listed below. Record the transactions on page 1 of a general journal. Omit descriptions. Set up a Cash general ledger account and post the appropriate transactions to this account, account 101. $$\begin{array} { l l l l } 
101 & \text { Cash } & 301 & \text { Colleen Miriam, Capital } \
103 & \text { Accounts Receivable } & 305 & \text { Colleen Miriam, Drawing } \
105 & \text { Supplies } & 401 & \text { Delivery Fee Income } \
107 & \text { Delivery Equipment } & 501 & \text { Advertising Expense } \
201 & \text { Accounts Payable } & 505 & \text { Rent Expense } \
& & 510 & \text { Utilities Expense }
\end{array}$$

Quizplus · Accepted Answer

The Answer of Global Delivery opened for business on July 1, 2010. The company uses the general ledger accounts listed below. During the first month of business, the firm had the transactions listed below. Record the transactions on page 1 of a general journal. Omit descriptions. Set up a Cash general ledger account and post the appropriate transactions to this account, account 101. $$\begin{array} { l l l l } 
101 & \text { Cash } & 301 & \text { Colleen Miriam, Capital } \
103 & \text { Accounts Receivable } & 305 & \text { Colleen Miriam, Drawing } \
105 & \text { Supplies } & 401 & \text { Delivery Fee Income } \
107 & \text { Delivery Equipment } & 501 & \text { Advertising Expense } \
201 & \text { Accounts Payable } & 505 & \text { Rent Expense } \
& & 510 & \text { Utilities Expense }
\end{array}$$

Global Delivery Opened for Business on July 1, 2010