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, 2025.
Transcribed Image Text:
Oct. 1 10 10 Oct. 6 20 Oct. 4 20 25 2,000 Accounts Receivable Oct. 3 Cash Oct. 12 7,000 980 8,000 700 Oct. 4 12 15 30 31 800 Oct. 20 920 Supplies 400 Oct. 31 Equipment 3,000 Notes Payable Oct. 10 Accounts Payable 1,500 Oct. 3 400 1,500 250 300 500 700 180 8,000 3,000 Oct. 30 Oct. 31 Common Stock Oct. 1 25 Oct. 15 Dividends 300 Service Revenue Oct. 6 10 20 Salaries and Wages Expense Oct. 31 500 Supplies Expense 7,000 2,000 180 Rent Expense 250 800 980 920
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a b Oct 1 10 10 20 20 Cash Common Stock Issued stock for cash Cash Se...View the full answer
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9781119791089
10th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Jill E. Mitchell
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