Bobbie Singh provides writing services for small businesses. He blogs for companies that need professionally written content. His business records at November 15, 2023, are
Bobbie Singh provides writing services for small businesses. He blogs for companies that need professionally written content. His business records at November 15, 2023, are shown below:
During the remainder of November, the business completed the following transactions:
Required
1. Record the transactions that occurred during November 16 through 30 on page 6 of the journal. Include an explanation for each entry.
2. Post the transactions to three-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Open the ledger accounts listed in the trial balance together with their balances at November 15. Enter Bal. (for previous balance) in the Item column and place a check mark (✓) in the Journal Reference column for the November 15 balance of each account.
Account Number 1100 1200 1300 1900 2100 4000 4100 5000 6000 6100 BLOG 4 U Unadjusted Trial Balance November 15, 2023 Account Title Cash Accounts receivable Computer supplies Equipment Accounts payable B. Singh, capital B. Singh, withdrawals Service revenue Rent expense Salaries expense Total Debit $ 16,000 16,000 1,200 70,000 4,600 2,000 3,600 $113,400 Credit $ 9,200 90,000 14,200 $113,400
Step by Step Solution
3.53 Rating (160 Votes )
There are 3 Steps involved in it
Step: 1
Journal Entries for November 1630 Nov 16 Provided writing services on account to Creative Designs fo...See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
See step-by-step solutions with expert insights and AI powered tools for academic success
- Access 30 Million+ textbook solutions.
- Ask unlimited questions from AI Tutors.
- 24/7 Expert guidance tailored to your subject.
- Order free textbooks.
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started