Here is the ledger for Keisler Co. Instructions (a) Reproduce the journal entries for only the transactions
Question:
Instructions
(a) Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
(b) Prepare a trial balance at October 31, 2014. (Hint: Compute ending balances of T-accountsfirst.)
Transcribed Image Text:
Cash Common Stock 400 1,500 250 300 500 Oct. 7,000 Oct. 4 12 15 30 31 Oct. 7,000 25 2,000 10 10 8,000 20 25 2,000 980 700 Accounts Receivable Dividends 800 Oct. 20 Oct. 6 20 700 Oct. 30 300 920 Supplies 400Oct. 31 Service Revenue 800 980 920 Oct. 4 180 Oct. 6 10 20 Equipment Notes Payable Accounts Payable Salaries and Wages Expense Supplies Expense Rent Expense Oct. 3 3,000 Oct. 31 500 Oct. 10 8,000 Oct. 31 180 Oct. 12 1,500 Oct. 33,000 Oct. 15 250
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a Oct 1 Cash 7000 Common Stock 7000 Issued stock for cash 10 Cash ...View the full answer
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Related Book For
Accounting Tools for Business Decision Making
ISBN: 978-1118128169
5th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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