The transactions of the Speedy Delivery Service are recorded in the general journal below. You are to post the journal entries to the accounts in the general ledger. After all entries have been posted, you are to prepare a trial balance on the form provided.

General Journal

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Date          Account Titles and Explanation                                              Debit        Credit

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2017

Sept.    1         Cash                                                                                                               25,000

Common Stock                                                                                    25,000

(Stockholders invested cash in business)

4         Equipment                                                                                  60,000

Cash                                                                                                      10,000

Notes Payable                                                                                     50,000

(Paid cash and issued 2-year, 6%, note for

delivery trucks)

8         Rent Expense                                                                               1,000

Cash                                                                                                        1,000

(Paid September rent)

15         Prepaid Insurance                                                                       1,400

Cash                                                                                                        1,400

(Paid one-year liability insurance)

18         Cash                                                                                                                 4,500

Service Revenue                                                                                   4,500

(Received cash for delivery services)

20         Salaries and Wages Expense                                                        500

Cash                                                                                                           500

(Paid salaries for current period)

25         Utilities Expense                                                                            100

Accounts Payable                                                                                    100

(Received a bill for September utilities)

30         Dividends                                                                                        750

Cash                                                                                                           750

(Paid dividends)

30         Accounts Receivable                                                                   1,000

Service Revenue                                                                                   1,000

(Billed customer for delivery service)


General Ledger


Cash


Accounts Receivable


Prepaid Insurance


Equipment


Accounts Payable


Notes Payable


Common Stock


Dividends


Service Revenue


Rent Expense


Salaries and Wages Expense


Utilities Expense


SPEEDY DELIVERY SERVICE

Trial Balance

September 30, 2017


Accounts


Credit


Debit