Here is the general ledger for Holly Corp.:

Instructions
(a) Prepare an explanation for each entry that was made above.
(b) Prepare a trial balance at October 31, 2012.

Transcribed Image Text:

GENERAL LEDGER Cash Common Shares Oct. 5,000 Oct. 5 400 12 1,500 16 300 30 250 30 500 Oct. 5,000 23 2,000 9 650 15 5,000 20 500 23 2,000 Accounts Receivable Dividends Oct. 6 800 Oct. 20500 Oct. 16 300 20 940 Supplies Service Revenue Oct. 5 400 Oct. 6 800 9 650 20 940 Equipment Salaries Expense Oct. 2 2,000 Oct. 30 500 ccounts Pa Advertising Expense Oct. 12 1,500Oct. 2 2,000 Oct. 28 400 28 400 Notes Payable Rent Bspense_ Oct. 15 5,000 Oct. 30250