REQUIRMENT A: PREPARE THE JOURANL ENTRIES FOR THE FOLLOWING TRANSACTIONS Apr. 1 Invested 20,000 cash in...
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REQUIRMENT A: PREPARE THE JOURANL ENTRIES FOR THE FOLLOWING TRANSACTIONS Apr. 1 Invested €20,000 cash in her business in exchange for ordinary shares. General Journal Account Titles and Explanation Date Apr. 1 Apr. 2 Apr. 3 Apr. 10 Apr. 11 Apr. 20 Apr. 30 Apr. 30 Paid office rent for the month €1,100. Ref. Hired a secretary-receptionist at a salary of €700 per week payable monthly. Debit Purchased dental supplies on account from Dazzle Company €4,000. Performed dental services and billed insurance companies €5,100. Received €1,000 cash advance from Leah Mataruka for an implant. Paid secretary-receptionist for the month €2,800. Received €2,100 cash for services performed from Michael Santos. Paid €2,400 to Dazzle for accounts payable due. J1 Credit (REQUIREMENT B) POSTING TO LEDGER Explanation Cash Date Accounts Receivable Date Supplies Date Explanation Explanation Accounts Payable Date Explanation Unearned Service Revenue Date Explanation Share Capital-Ordinary Date Explanation Service Revenue Date Explanation Salaries and Wages Expense Date Explanation Rent Expense Date Explanation Ref. Ref. Ref. Ref. Debit Credit Ref. Debit Credit Debit Credit Debit Credit Ref. Debit Credit Ref. Debit Ref. Debit Credit Ref. Debit Credit Credit Debit Credit No. 101 Balance No. 112 Balance No. 126 Balance No. 201 Balance No. 209 Balance No. 311 Balance No. 400 Balance No. 726 Balance No. 729 Balance (REQUIREMENT C) PREPARE THE TRIAL BALANCE ON APRIL 30 2022 ABC LTD TRIAL BALANCE APRIL 30 2022 REQUIRMENT A: PREPARE THE JOURANL ENTRIES FOR THE FOLLOWING TRANSACTIONS Apr. 1 Invested €20,000 cash in her business in exchange for ordinary shares. General Journal Account Titles and Explanation Date Apr. 1 Apr. 2 Apr. 3 Apr. 10 Apr. 11 Apr. 20 Apr. 30 Apr. 30 Paid office rent for the month €1,100. Ref. Hired a secretary-receptionist at a salary of €700 per week payable monthly. Debit Purchased dental supplies on account from Dazzle Company €4,000. Performed dental services and billed insurance companies €5,100. Received €1,000 cash advance from Leah Mataruka for an implant. Paid secretary-receptionist for the month €2,800. Received €2,100 cash for services performed from Michael Santos. Paid €2,400 to Dazzle for accounts payable due. J1 Credit (REQUIREMENT B) POSTING TO LEDGER Explanation Cash Date Accounts Receivable Date Supplies Date Explanation Explanation Accounts Payable Date Explanation Unearned Service Revenue Date Explanation Share Capital-Ordinary Date Explanation Service Revenue Date Explanation Salaries and Wages Expense Date Explanation Rent Expense Date Explanation Ref. Ref. Ref. Ref. Debit Credit Ref. Debit Credit Debit Credit Debit Credit Ref. Debit Credit Ref. Debit Ref. Debit Credit Ref. Debit Credit Credit Debit Credit No. 101 Balance No. 112 Balance No. 126 Balance No. 201 Balance No. 209 Balance No. 311 Balance No. 400 Balance No. 726 Balance No. 729 Balance (REQUIREMENT C) PREPARE THE TRIAL BALANCE ON APRIL 30 2022 ABC LTD TRIAL BALANCE APRIL 30 2022
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
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