Presented below is the ledger for Shumway Co.

Instructions
a. Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
b. Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2020.

Transcribed Image Text:

Owner's Capital No. 101 Cash No. 301 10/1 3,000 10/4 400 10/1 3,000 1,500 10/10 750 10/12 10/25 2,000 10/10 4,000 10/15 350 Owner's Drawings No. 306 10/30 10/20 500 300 10/25 2,000 10/31 500 10/30 300 No. 112 Accounts Receivable Service Revenue No. 400 10/6 800 10/20 500 10/6 800 10/20 940 10/10 750 10/20 940 Salaries and Wages Expense No. 126 Supplies No. 726 400 10/31 10/4 500 Rent Expense Equipment No. 157 No. 729 2,000 10/3 10/15 350 Notes Payable No. 200 10/10 4,000 Accounts Payable No. 201 1,500 | 10/3 10/12 2,000