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, 2024, balance for each account. Prepare a trial balance at October 31, 2024.
Transcribed Image Text:
Oct. 1 10 15 21 25 Oct. 4 Oct. 3 Cash Oct. 12 1,200 650 3,000 800 2,000 Accounts Receivable Oct. 6 1,000 Oct. 21 800 20 940 Oct. 3 12 30 31 31 Supplies 800 Equipment 5,400 Notes Payable Oct. 3 400 500 600 250 500 Accounts Payable 500 Oct. 4 28 5,000 800 400 Oct. 30 A. Fortin, Drawings 600 Oct. 28 Oct. 31 A. Fortin, Capital Oct. 1 25 Advertising Expense 400 Oct. 31 Service Revenue Oct. 6 10 15 20 Rent Expense 250 T Salaries Expense 500 1,200 2,000 1,000 650 3,000 940
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a b Oct 1 Cash A Fortin Capital Invested cash in business 3 Equipment Cash Notes Payable Purc...View the full answer
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Related Book For
Accounting Principles Volume 1
ISBN: 9781119786818
9th 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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