[smith2012]

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

[smith2012]

Im having problems with this problem hope someone can help me with this please
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

[quams123]

Im having problems with this problem hope someone can help me with this please
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.

[pready]

You need to set up T accounts for all of your accounts with their balances on the left (debit) or right (credit) side first. Next you need to journalize your transactions, then post your transactions to the T acocunts and then get your balances for each T account so you can prepare your Trial Balance.