The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first month
Question:
The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first month of operations.
Instructionsa. Prepare the complete general journal (including explanations) from which the postings to Cash were made.b. Determine the April 30 balance for each account and prepare a trial balance at April 30, 2022.
No. 101 1,300 1,500 Accounts Payable 1,500 4/4 Cash 12,000 4/15 No. 201 1,800 4/1 4/25 4/12 900 4/25 400 1,000 Owner's Capital 4/1 No. 301 4/29 4/30 12,000 Service Revenue No. 400 Accounts Receivable No. 112 3,200 3,200 4/29 4/7 4/7 400 4/12 900 No. 126 Supplies 1,800 Salaries and Wages Expense 1,300 No. 726 4/4 4/15 Notes Payable 4/30 No. 200 1,000
Step by Step Answer:
11500 2800 1800 1300 1000 300 12000 4100 Cash Accts rec Supp Sal wages exp ...View the full answer
College Accounting
ISBN: 1986
1st Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Deanna C. Martin, Jill E. Mitchell
Related Video
A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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