The five transaction of Sloan Security Company have been posted to the company's account as follows: Dr
Question:
The five transaction of Sloan Security Company have been posted to the company's account as follows:
Dr Cash Cr Dr Supplies Cr Dr Equipments Cr
{1} 60,000 {3} 42,000 {2} 400 {5} 6,000
{4} 7,000 {5} 6,000
Dr Account Payable Cr Dr Note Payable Cr Dr Robert Sloan Capital Cr
{2} 400 {4} 7,000 {1} 60,000
Dr Land Cr
{3} 42,000
Required
1. Preapared the journal entries that served as the sources for the five transaction, includes an expalaination for each entry.
2. Preapared the trial balance of Sloan Security Company at April 30,19X4.
