2. P3-1C. Monique VanWyk started an office service company called Monique's Office Services. She began her...

 

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2. P3-1C. Monique VanWyk started an office service company called Monique's Office Services. She began her operations in March 2022 and completed eight transactions, including her initial investment of $5,000 of cash. After these transactions, the ledger included the following accounts with their normal balances: $11,540 18,500 5,000 5,000 20,000 18,500 3,750 Cash Accounts Payable Rent Expense M. VanWyk, Capital Office Services Earned Office Equipment Prepaid Insurance Wage Expense M. VanWyk, Withdrawals Office Supplies 1,000 3,050 660 Required a. Prepare a trial balance using the correct order of accounts. b. Analyze the accounts and balances and describe each of the eight transactions that most likely occurred and their amounts. 2. P3-1C. Monique VanWyk started an office service company called Monique's Office Services. She began her operations in March 2022 and completed eight transactions, including her initial investment of $5,000 of cash. After these transactions, the ledger included the following accounts with their normal balances: $11,540 18,500 5,000 5,000 20,000 18,500 3,750 Cash Accounts Payable Rent Expense M. VanWyk, Capital Office Services Earned Office Equipment Prepaid Insurance Wage Expense M. VanWyk, Withdrawals Office Supplies 1,000 3,050 660 Required a. Prepare a trial balance using the correct order of accounts. b. Analyze the accounts and balances and describe each of the eight transactions that most likely occurred and their amounts.

Answer rating: 100% (QA)

Monique Office Services Trial Balance as on Trial Balance Debit Credit Cash 11540 Office Supplies 66... View the full answer