10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4 10/3 10/12 Presented below is the ledger for...

 

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10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4 10/3 10/12 Presented below is the ledger for Shumway Co. (amounts in thousands of V). Share Capital-Ordinary 10/1 10/25 Cash 3,000 10/4 750 10/12 4,000 10/15 500 10/30 2,000 10/31 Accounts Receivable 800 10/20 940 Supplies 400 Equipment 2,000 Notes Payable 10/10 Accounts Payable 1,500 10/3 No. 101 400 1,500 350 300 500 No. 112 500 No. 126 No. 157 No. 200 4,000 No. 201 2,000 10/30 10/31 Dividends 10/15 300 Service Revenue Salaries and Wages Expense 500 Rent Expense 350 10/6 10/10 10/20 No. 311 3,000 2,000 No. 332 No. 400 800 750 1940 No. 726 No. 729 Haspel Instructions a. Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and pro- vide explanations for each. b. Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2025. J G 10/1 10/10 10/10 10/20 10/25 10/6 10/20 10/4 10/3 10/12 Presented below is the ledger for Shumway Co. (amounts in thousands of V). Share Capital-Ordinary 10/1 10/25 Cash 3,000 10/4 750 10/12 4,000 10/15 500 10/30 2,000 10/31 Accounts Receivable 800 10/20 940 Supplies 400 Equipment 2,000 Notes Payable 10/10 Accounts Payable 1,500 10/3 No. 101 400 1,500 350 300 500 No. 112 500 No. 126 No. 157 No. 200 4,000 No. 201 2,000 10/30 10/31 Dividends 10/15 300 Service Revenue Salaries and Wages Expense 500 Rent Expense 350 10/6 10/10 10/20 No. 311 3,000 2,000 No. 332 No. 400 800 750 1940 No. 726 No. 729 Haspel Instructions a. Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and pro- vide explanations for each. b. Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2025. J G

Answer rating: 100% (QA)

Answer Date Account Title Explanation Debit Credit 01Oct Cash Ac 400000 To Owners Capital ... View the full answer