Question
Chin consulting service engaged in the following transactions during march 19x3 March 1 Rudy Chin invest 59,000 of cash to start the busuness 2. He
Chin consulting service engaged in the following transactions during march 19x3
March 1 Rudy Chin invest 59,000 of cash to start the busuness
2. He purchaed office supplied of 200 on account
4 He paid 40,000 cash for building to use as future office
6. He performed service for customer and received cash 2000
9 He paid 100 on account payable
17 He performed service for customer on account 1600
23. He received 1,200 cash from a customer on account
31. He performed the following expenses, salary 1,200, rent 500
Required
1. jornalised the entries, post the entries to the ledger using T-account format by date ending the balance of each account 31 march
2. Prepared the trial balance of Chin Consulting Services at march 31, 19x3
Step by Step Solution
3.39 Rating (127 Votes )
There are 3 Steps involved in it
Step: 1
Account Cash Account No Date JRNL REF Debit Credit Balance Debit Balance Credit Mar 1 59000 59000 4 ...Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started