The T-accounts below summarize the ledger of Salvadors Gardening Company, Inc. at the end of the first
Question:
The T-accounts below summarize the ledger of Salvador’s Gardening Company, Inc. at the end of the first month of operations.
a. Prepare the journal entries (including explanations) that resulted in the amounts posted to the accounts. Present them in the order they occurred.
b. Prepare a trial balance at April 30, 2022.
Cash Unearned Service Revenue 15,000 Apr. 15 Apr. 1 800 Apr. 30 900 12 700 25 3,500 800 29 30 900 Common Stock Apr. 1 Accounts Receivable 3,400 | Apr. 29 Supplies Apr. 7 15,000 800 Service Revenue Apr. 4 5,200 Apr. 7 3,400 12 700 Accounts Payable 3,500 | Apr. 4 Salaries and Wages Expense Apr. 25 5,200 Apr. 15 800
Step by Step Answer:
a b Date Apr 1 4 12 15 25 29 30 General Journal Account Titl...View the full answer
Financial Accounting Tools for Business Decision Making
ISBN: 978-1119493631
9th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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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