BM4112: Yeo Legal provides legal services and the following transactions occurred in July 20X7: Principles of Financial Accounting Assignment, NYP

 Question 1

Yeo Legal provides legal services and the following transactions occurred in July 20X7:

Required:

Prepare the journal entries to record the above transactions for the month of July 20X7.
Post the above transactions to the Cash Account in the general ledger assuming the opening balance as of 1 July 20X7 was $20,000. Follow the format below to do the posting to the Cash Account.

Question 2

Enrich Education Lab provides language enrichment classes to primary school students. It had the following normal account balances as of 1 May 20×9:

Required:

Prepare the journal entries to record the above transactions for the month of May 20X9.
Post the above transactions to the Cash at Bank Account, Supplies Account and Fees Earned Accounting the general ledger. Follow the format below to do the posting.

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