Refer to E29 for the transactions of Yulas Yoga. Required 1. After journalizing the transactions of E29,
Question:
Refer to E2–9 for the transactions of Yula’s Yoga.
Required
1. After journalizing the transactions of E2–9, post the entries to T-accounts. Identify transactions by their date. Date the ending balance of each account Mar. 31.
2. Prepare the unadjusted trial balance of Yula’s Yoga at March 31, 2023.
Data from E2–9:
Yula’s Yoga engaged in the following transactions during March 2023, its first month of operations:
Mar. 1 1 4 6 9 17 The business received a $15,000 cash investment from Yula Gregore to start Yula's Yoga. Paid $4,000 cash to rent a yoga studio for the month of March. Purchased studio supplies for $4,000 on account. Presented a wellness seminar for a corporate customer and received cash, $3,000. Paid $1,000 on accounts payable. Taught yoga classes for customers on account, $800.
Step by Step Answer:
To post the entries to Taccounts and prepare the unadjusted trial balance for Yulas Y...View the full answer
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
Related Video
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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