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
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