Doris Higgins started her practice as a design consultant on September 1 of the current year. During
Question:
Doris Higgins started her practice as a design consultant on September 1 of the current year. During the first month of operations, the business completed the following transactions:
RequirementÂ
Open the following T-accounts: Cash; Accounts Receivable; Supplies; Furniture; Land; Accounts Payable; Doris Higgins, Capital; Doris Higgins, Withdrawals; Service Revenue; Salary Expense; Rent Expense.
1. Record each transaction in the journal, using the account titles given. Key each transaction by date. Explanations are not required.
2. Post the transactions to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal., as shown in the chapter.
3. Prepare the trial balance of Doris Higgins, Designer, at September 30 of the current year.
Step by Step Answer: