. 1. Recording events in the general journal, posting it to T-accounts, and preparing trial balance The...

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1. Recording events in the general journal, posting it to T-accounts, and preparing trial balance The following events apply to Computer Services Inc. in the first year of operation:| 1. Acquired $40,000 cash from the issue of common s tock 2. Earned $28,000 service revenue on account. 3. Incurred $15,200 of operating expenses on account. 4. Collected $26,400 cash from accounts receivable. 5. Made a $13,600 payment to account payable 6. Paid $2,000 casg dividend to sharehodlers. 7. Received a $7,100 cash advance for services to be provided in the future. 8. Purchased $1,600 of supplies on account 9. Recognized $2,400 of revenue for services provided to the customer in Event 7. 10. Recognized $1,200 of supplies expense 11. Recorded $1,600 of accrued salary expense 12. Reocgnized $450 of accrued interest revenue. Question 2: Final Accounts - Merchandizing Business The following trial balance pertains to Feazell Hardware as of January 1, 2013. Account Title Debit Credit Cash $ 28,000 1. Recording events in the general journal, posting it to T-accounts, and preparing trial balance The following events apply to Computer Services Inc. in the first year of operation:| 1. Acquired $40,000 cash from the issue of common s tock 2. Earned $28,000 service revenue on account. 3. Incurred $15,200 of operating expenses on account. 4. Collected $26,400 cash from accounts receivable. 5. Made a $13,600 payment to account payable 6. Paid $2,000 casg dividend to sharehodlers. 7. Received a $7,100 cash advance for services to be provided in the future. 8. Purchased $1,600 of supplies on account 9. Recognized $2,400 of revenue for services provided to the customer in Event 7. 10. Recognized $1,200 of supplies expense 11. Recorded $1,600 of accrued salary expense 12. Reocgnized $450 of accrued interest revenue. Question 2: Final Accounts - Merchandizing Business The following trial balance pertains to Feazell Hardware as of January 1, 2013. Account Title Debit Credit Cash $ 28,000

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