Dee Bell Company’s records showed the following April 30, 2023, account balances:

Required
1. Using the chart of accounts numbering system, assign an account number to each account.
2. Using the information provided and the analysis performed in QS 2-9, post the May transactions into the general ledger using T-accounts.

Data From QS 2-9

Dee Bell Company had the following transactions in the month of May.
May 2 Dee Bell transferred her personal car valued at $8,000 into the business.
10 Did $4,000 of work for a customer on account.
12 Collected $10,000 from a customer for work to be done in July 2023.
15 Paid wages of $6,000.
16 Collected $4,000 from the customer of May 10.
22 Paid $3,000 of the outstanding accounts payable.

3. Calculate the May 31 balance in each T-account and prove the accounting equation.

Transcribed Image Text:

Cash Apr 30 15,000 Accounts Payable Revenue 6,000 Apr 30 Accounts Receivable Apr 30 3,200 Unearned Revenue 1,800 Apr 30 Wages Expense 3,000 Apr 30 Apr 30 1,500 Car Dee Bell, Capital 8,900 Apr 30