These simple T accounts summarise the ledger of Zebra Tours Ltd at the end of the first
Question:
These simple T accounts summarise the ledger of Zebra Tours Ltd at the end of the first month of operations:
Required
(a) Prepare in the order they occurred the journal entries (including narrations) that resulted in the amounts posted to the account.
(b) Prepare a trial balance as at 30 April 2016.
Apr. 1 12 Apr. Apr. 29 30 Cash 10000 Apr. 15 1900 200 700 Apr. 25 Accounts Receivable 7 2400 Apr. 29 200 Supplies 4 4800 750 25 3500 Accounts Payable 3500 Apr. 4 4800 Revenue Received in Advance Apr. 30 Apr. 15 Share Capital Apr. 1 Service Revenue Apr. 7 12 Salaries Expense 750 700 10 000 2400 1900
Step by Step Answer:
Financial Accounting Reporting Analysis And Decision Making
ISBN: 9780730313748
5th Edition
Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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