The trial balance of Kiki’s Jewellery Repair at February 28, 2023, is shown below:

During March, Kiki’s Jewellery Repair completed the following transactions:

Required

1. Record the March transactions in of the journal. Include an explanation for each entry.

2. Open three-column ledger accounts for the accounts listed in the trial balance, together with their balances at February 28. Enter Bal. in the Item column and place a check mark (✓) in the Journal Reference column for the February 28 balance in each account.

3. Post the transactions to the ledger, using dates, account numbers, journal references, and posting references.

Transcribed Image Text:

Account Number 1100 1200 1300 1600 2000 3000 3100 5000 6100 6200 KIKI'S JEWELLERY REPAIR Unadjusted Trial Balance February 28, 2023 Account Title Cash Accounts receivable Supplies Equipment Accounts payable K. Kalani, capital K. Kalani, withdrawals Service revenue Rent expense Salaries expense Total Debit $ 4,000 16,000 3,600 37,200 4,400 2,000 7,200 $74,400 Credit $ 8,000 50,000 16,400 $74,400