Here is the ledger for Kriscoe Co. Instructions a. Reproduce the journal entries for only the transactions
Question:
Here is the ledger for Kriscoe Co.
Instructions
a. Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
b. Prepare a trial balance at October 31, 2022.
Transcribed Image Text:
Common Stock Cash Oct. 1 Oct. 4 Oct, 1 7,000 400 7,000 1,500 10 980 12 25 2,000 10 8,000 15 250 20 700 30 300 500 25 2,000 31 Dividends Accounts Receivable 800 Oct. 20 Oct. 30 Oct. 6 700 300 20 920 Supplies 400 Oct. 31 Service Revenue Oct. 4 Oct, 6 180 800 10 980 20 920 Salaries and Wages Expense Equipment Oct. 31 500 | Oct. 3 3,000 Notes Payable I Oct. 10 Accounts Payable Supplies Expense Oct. 31 180 | 8,000 Rent Expense 1,500 | Oct. 3 Octt. 15 Oct. 12 250 3,000
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a b Oct 1 10 10 20 20 Cash Common Stock Issued stock for cash Cash S...View the full answer
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Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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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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