This problem can be used in conjunction with Problem 2-64B; see that problem for the relevant data.

Requirements
1. Journalize the transactions of Davis Computing, Inc. Explanations are not required.

2. Prepare a T-account for each account. Insert in each T-account its September 30 balance as given (example: Cash $2,400). Then, post the October transactions to the T-accounts.

3. Compute the balance in each account.

Data from Problem 2-64B

The following amounts summarize the financial position of Davis Computing, Inc., on September 30, 2018:

Stockholders' Equity Liabilities Assets Accounts Payable Retained Earnings Accounts Receivable Common Stock Supplies Cash + Equipment 2,400 Bal 11,700 7,900 4,150 3,450 5,500