Enter the following trial balance into the chart of accounts: Account DR CR Cash 25,000 Vehicle net
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Question:
- Enter the following trial balance into the chart of accounts:
Account DR CR
Cash 25,000
Vehicle net 74,000
Equipment net 7,500
Loan 50,000
- Enter the following journal entries:
sales of services for $2,500 cash.
cheque received from Jeff Smith for $750 to pay previously issued invoice.
sold services to Trevor Taylor for $300 on account.
bank deposited another $15,000 into the chequing account from a bank loan.
cash sales for day amounted to $2,200.
cheque received from Trevor Taylor for $300 to pay invoice.
paid a $450 utility bill with cash.
received a $200 telephone bill to be a paid later
PDF and send a copy of the journal entries, and the trial balance after the entries.
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