This is the trial balance of Solis 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 in exchange for cash.
20 Paid $1,900 to creditors for accounts payable due.
29 Paid a $300 cash dividend.
31 Paid utilities $400.
(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 31,2014.

  • CreatedApril 07, 2014
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