This is the trial balance of Lacey Company on September 30.

The October transactions were as follows.
Oct. 5 Received \(\$ 1,300\) in cash from customers for accounts receivable due.
10 Billed customers for services performed \(\$ 5,100\).
15 Paid employee salaries \(\$ 1,200\).
17 Performed \(\$ 600\) of services in exchange for cash.
20 Paid \(\$ 1,900\) to creditors for accounts payable due.
29 Paid a \(\$ 300\) cash dividend.
31 Paid utilities \(\$ 400\).

Instructions

a. Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Provision should be made for these additional accounts: Dividends, Service Revenue, Salaries and Wages Expense, and Utilities Expense.

b. Journalize the transactions, including explanations.

c. Post to the ledger accounts.

d. Prepare a trial balance on October 31, 2025.

Transcribed Image Text:

Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings Lacey Company Trial Balance September 30, 2025 Debit $19,200 2,600 2,100 8,000 $31,900 Credit $ 4,800 1,100 15,000 11,000 $31,900