This is the trial balance of Mimosa Company on September 30.

The October transactions were as follows.Oct. 5 Received $1,300 in cash from customers for accounts receivable due.10 Billed customers for services performed $5,100.15 Paid employee salaries $1,200.17 Performed $600 of services for customers who paid in advance in August.20 Paid $1,900 to creditors for accounts payable due.29 Paid a $300 cash dividend.31 Paid utilities $400.Instructions(a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of October 1. Provision should be made for these additional accounts: Dividends, Service Revenue, Salaries and Wages Expense, and Utilities Expense.(b) Journalize the transactions, including explanations.(c) Post to the ledger accounts.(d) Prepare a trial balance on October 31,2012.

Transcribed Image Text:

MIMOSA COMPANY Trial Balance September 30, 2012 Credit Debit $ 8,200 Cash Accounts Receivable 2,600 Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock 2,100 8,000 $ 4,800 1,100 15,000 $20,900 $20,900