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    Feb 1, 2012, 07:47 PM
    Accounting 290 homework problem p3-6a
    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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