The October transactions were as follows.
Oct. 5 Received $1,300 in cash from customers for accounts receivable due.
10 Billed customers for services performed $5,100.
15 Paid employee salaries $1,200.
17 Performed $600 of services for customers who paid in advance
In August.
20 Paid $1,900 to creditors for accounts payable due.
29 Paid a $300 cash dividend.
31 Paid utilities $400.
Instructions
(a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger
Accounts as of October 1. Provision should be made for these additional accounts:
Dividends, Service Revenue, Salaries and Wages Expense, and Utilities Expense.
(b) Journalize the transactions, including explanations.
(c) Post to the ledger accounts.
(d) Prepare a trial balance on October 31, 2012.
Journalize transactions, post,
And prepare a trial balance.
(SO 3, 5, 6, 7, 8), AP
(c) Cash $18,800
Tot. trial
Balance $24,400
Journalize transactions, post,
And prepare a trial balance.
(SO 3, 5, 6, 7, 8), AP
(d) Cash $ 5,700
Tot. trial
Balance $24,100
c03TheAccountingInformationSystem.qxd 8/3/10 1:33 PM Page

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This is Beginning Balance Activity for period Ending Balance
Debit Credit Debit Credit Debit Credit
Account Description

Cash 8,200 1,300
-1,200
-400
-300
-1,900
Accounts Receivable 2,600 -1,300
600
5,100
Supplies 2,100
Equipment 8,000
Accounts Payable 4,800
1,900
Dividends 300

Unearned Service Revenue 1,100 -600
-5,100
Common Stock 15,000

Salaries and wages expense 1,200

Utilities expense 400


Totals 20900 20900 10800 -10800
What I have so far

Journalizing transactions, posting to T-accounts, and preparing a trial balance [45–60 min]
Doris Stewart started her practice as a design consultant on September 1, 2012. During the first month of operations, the business completed the following transactions:
Sep 1 Received $42,000 cash and gave capital to Stewart.
4 Purchased supplies, $700, and furniture, $1,900, on account.
6 Performed services for a law firm and received $1,400 cash.
7 Paid $24,000 cash to acquire land for a future office site.
10 Performed service for a hotel and received its promise to pay the $1,000 within one week.
14 Paid for the furniture purchased September 4 on account.
Paid secretary's bi-monthly salary, $490.