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Neo
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Experience:  BS Accounting
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Journal of the Portland After School Program July 1, 20XX December

Customer Question

Journal of the Portland After School Program
July 1, 20XX–December 31, 20XX
(a) July 1, 20XX— Received unrestricted donation check in the amount of $15,000 from
the Multnomah County Department of Health and Human Services.
(b) July 19, 20XX—Paid Great Northwest Insurance Company $9,000 for six more
months of fire and liability insurance coverage.
(c) July 15, 20XX—Paid Portland Arts & Crafts Company $3,000 for additional arts and
crafts supplies.
(d) July 15, 20XX—Transferred temporarily restricted funds in the amount of $3,000
from investments to pay for additional arts and crafts supplies.
(e) July 30, 20XX—Paid Oregon Sporting Goods $5,000 for additional recreational
equipment.
(f) December 31, 20XX—Received fees from parents in the amount of $40,000.
(g) December 31, 20XX—To account for $1,750 in fees from parents earned in the first six
months of operations, but collected in the second six months.
(h) December 31, 20XX—To account for $3,000 in parent fees earned in Table 4.9 is a list of the transactions for the Portland After School Program for the
second six months of operations. Prepare the journal entries for each transactionExercise 4.2
Using the Portland After School Program general ledger (Table 4.10), post the
debits and credits for the journal entries from Exercise 4.1 to their appropriate
t-accounts.
Exercise 4.3
Prepare a trial balance for the Portland After School Program for the second six
months of operation following the format shown in this chapter.
Submitted: 8 years ago.
Category: Homework
Expert:  Neo replied 8 years ago.

Good day!

 

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Here's the Journal Entries

 

And here's the T-Accounts and Trial Balance

 

If you found my answer helpful, please click the Accept button.

 

Thank you so much! :)

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Customer: replied 8 years ago.
This is great, but I also need the answers for 4.3 and 4.4.
Expert:  Neo replied 8 years ago.
THIS ANSWER IS LOCKED!

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