Refer to Exercise 2-7 for the transactions of Yula's Yoga. Mar. 1 The business received a $15,000

Question:

Refer to Exercise 2-7 for the transactions of Yula's Yoga.
Mar. 1 The business received a $15,000 cash investment from Yula Gregore to start Yula's Yoga.
1 Paid $4,000 cash to rent a yoga studio for the month of March.
4 Purchased studio supplies for $4,000 on account.
6 Presented a wellness seminar for a corporate customer and received cash, $3,000.
9 Paid $1,000 on accounts payable.
17 Taught yoga classes for customers on account, $800.
Required
1. After journalizing the transactions of Exercise 2-7, post the entries to T-accounts. Identify transactions by their date. Date the ending balance of each account Mar. 31.
2. Prepare the unadjusted trial balance of Yula's Yoga at March 31, 2017.
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Horngrens Accounting

ISBN: 978-0133855371

10th Canadian edition Volume 1

Authors: Tracie L. Miller Nobles, Brenda L. Mattison, Ella Mae Matsumura, Carol A. Meissner, Jo Ann L. Johnston, Peter R. Norwood

Question Posted: