A: Post each transaction to the proper T-Accounts B: Prepare a Trial Balance to prove equality...

 

Transcribed Image Text:

A: Post each transaction to the proper T-Accounts B: Prepare a Trial Balance to prove equality of debits and credits in the T-Accounts **Heading for the Trial Balance: Company ABC Trial Balance For the Quarter Ended June 30, 2020 Date 1-Jun Cash Accounts Receivable Service Revenue 2 Prepaid Insurance Cash 4 Prepaid Rent Cash 5 Cash Unearned Revenue 6 Cash Account Name Common Stock 10 Supplies Cash Accounts Payable 15 Cash Note Payable 20 Cash Service Revenue 21 Cash Accounts Receivable 24 Accounts Payable Cash 26 Utilities Expense Accounts Payable 27 Advertising Expense Cash 29 Salary Expense Cash 30 Dividends Cash 30 Unearned Revenue. Service Revenue Ref. Debit 5000 15000 6000 15000 12000 30000 4500 20000 3000 2000 4500 2300 1500 14500 4000 5000 Credit 20000 6000 15000 12000 30000 500 4000 20000 3000 2000 4500 2300 1500 14500 4000 5000 Page No. A: Post each transaction to the proper T-Accounts B: Prepare a Trial Balance to prove equality of debits and credits in the T-Accounts **Heading for the Trial Balance: Company ABC Trial Balance For the Quarter Ended June 30, 2020 Date 1-Jun Cash Accounts Receivable Service Revenue 2 Prepaid Insurance Cash 4 Prepaid Rent Cash 5 Cash Unearned Revenue 6 Cash Account Name Common Stock 10 Supplies Cash Accounts Payable 15 Cash Note Payable 20 Cash Service Revenue 21 Cash Accounts Receivable 24 Accounts Payable Cash 26 Utilities Expense Accounts Payable 27 Advertising Expense Cash 29 Salary Expense Cash 30 Dividends Cash 30 Unearned Revenue. Service Revenue Ref. Debit 5000 15000 6000 15000 12000 30000 4500 20000 3000 2000 4500 2300 1500 14500 4000 5000 Credit 20000 6000 15000 12000 30000 500 4000 20000 3000 2000 4500 2300 1500 14500 4000 5000 Page No.