Boulevard Communications Company is a public relations firm. On April 30, 19xx, the company's trial balance...

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Boulevard Communications Company is a public relations firm. On April 30, 19xx, the company's trial balance looked like this: Boulevard Communications Company Trial Balance April 30, 19xx $20,400 Cash (111) Accounts Receivable (113) Supplies (115) Office Equipment (141) Accounts Payable (211) Ramesh Mehta, Capital (311) During the month of May, the company completed the following transactions: 3. Paid rent for May, $1,300. 5. Received cash from customers on account, $4,600. 6. Ordered supplies, $760. 8. Billed customers for services provided, $5,600. 10 Made a payment on accounts payable, $2,200. 13. Received the supplies ordered on May 6 and agreed to pay for them in thirty days, $760. 11,000 1,220 8,400 $41,020 15. Paid salaries for the first half of May, $3,800. 16. Discovered some of the supplies were not as ordered and returned them for a full credit, $160. 18. Received cash from a customer for services provided, $9,600. 28. Billed a customer for services provided, $5,400. 30. Paid salaries for the last half of May, $3,800. 22. Paid the utility bill for May, $320. 23. Paid the telephone bill for May, $240. 27. Received a bill, to be paid in June, for advertisements placed during the month of May in the local newspaper to promote Boulevard Communications, $1,400. $5,200 35,820 $41,020 31. Withdrew cash for personal use. $2,400. Enter these transactions in the general journal (Pages 22 and 23). 2.Open accounts in the ledger for the accounts in the trial balance and the following accounts: Ramesh Mehta, Withdrawals (312); Public Relations Fees (411); Salaries Expense (511); Rent Expense (512); Utility Expense (513); Telephone Expense (514); and Advertising Expense (515). 3. Enter the April 30 account balances from the trial balance in the appropriate ledger account. 4. Post the entries to the ledger accounts. Prepare a trial balance as of May 31, 19xx. L vi Boulevard Communications Company is a public relations firm. On April 30, 19xx, the company's trial balance looked like this: Boulevard Communications Company Trial Balance April 30, 19xx $20,400 Cash (111) Accounts Receivable (113) Supplies (115) Office Equipment (141) Accounts Payable (211) Ramesh Mehta, Capital (311) During the month of May, the company completed the following transactions: 3. Paid rent for May, $1,300. 5. Received cash from customers on account, $4,600. 6. Ordered supplies, $760. 8. Billed customers for services provided, $5,600. 10 Made a payment on accounts payable, $2,200. 13. Received the supplies ordered on May 6 and agreed to pay for them in thirty days, $760. 11,000 1,220 8,400 $41,020 15. Paid salaries for the first half of May, $3,800. 16. Discovered some of the supplies were not as ordered and returned them for a full credit, $160. 18. Received cash from a customer for services provided, $9,600. 28. Billed a customer for services provided, $5,400. 30. Paid salaries for the last half of May, $3,800. 22. Paid the utility bill for May, $320. 23. Paid the telephone bill for May, $240. 27. Received a bill, to be paid in June, for advertisements placed during the month of May in the local newspaper to promote Boulevard Communications, $1,400. $5,200 35,820 $41,020 31. Withdrew cash for personal use. $2,400. Enter these transactions in the general journal (Pages 22 and 23). 2.Open accounts in the ledger for the accounts in the trial balance and the following accounts: Ramesh Mehta, Withdrawals (312); Public Relations Fees (411); Salaries Expense (511); Rent Expense (512); Utility Expense (513); Telephone Expense (514); and Advertising Expense (515). 3. Enter the April 30 account balances from the trial balance in the appropriate ledger account. 4. Post the entries to the ledger accounts. Prepare a trial balance as of May 31, 19xx. L vi

Answer rating: 100% (QA)

Answer The entries of the May 19XX transactions in the General Journal cannot ... View the full answer