Fortin Co.?s ledger is as follows: Instructions a. Journalize the October transactions. b. Determine the October 31,
Question:
Fortin Co.?s ledger is as follows:
Instructions
a. Journalize the October transactions.
b. Determine the October 31, 2021, balance for each account. Prepare a trial balance at October 31, 2021.
Transcribed Image Text:
Cash A. Fortin, Capital Oct. 1 Oct. 3 Oct. 1 1,200 400 1,200 10 650 12 500 25 2,000 15 3,000 30 600 A. Fortin, Drawings 21 800 31 250 25 2,000 31 500 Oct. 30 600 Accounts Receivable Service Revenue Oct. 6 Oct. 21 Oct. 6 800 1,000 1,000 20 940 10 650 15 3,000 Supplies 20 940 Oct. 4 800 Advertising Expense Equipment Oct. 3 5,400 | Oct. 28 400 Notes Payable | Oct. 3 Rent Expense 5,000 Oct. 31 250 Accounts Payable Salaries Expense Oct. 12 500 Oct. 4 800 Oct. 31 500 28 400
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a b FORTIN CO Trial Balance October 31 2021 Debit Credit Cash 5400 Accounts receivable 1140 Supplies ...View the full answer
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Related Book For
Accounting Principles Volume 1
ISBN: 978-1119502425
8th Canadian Edition
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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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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