Instructions

In an Excel Spreadsheet, indicate what to debit and what to credit in the following transactions, and then complete a trial balance.

a$.$ Issued common stock for $$50,000$

b$.$ Paid January rent for office and workroom $$3,000$

c$.$ Purchased used automobile for $$30,000,$ paying $$7,500$ cash and giving a note payable for the remainder.

d$.$ Purchased office and computer equipment on account, $$9000$

e$.$ Paid cash for supplies, $$1,800$

f$.$ Paid cash for annual insurance policies, $$3,600$

g$.$ Received cash from client for work completed, $$10,500$

h$.$ Paid cash for creditors on account, $$5000$

i$.$ Paid cash for repair expenses, $$1,500$

j$.$ Paid installment due on note payable, $$750$

k$.$ Received invoice for blueprint service, due next month, $$5,500$

I. Recorded fees earned, payment to be received in February, $$22350$

m$.$ Paid salary of assistants, $$8000$

n$.$ Paid auto repairs for January, $$550$