On September 1, Depot Company has the following accounts and account balances: Cash $17,400, Accounts Receivable $2,000,

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On September 1, Depot Company has the following accounts and account balances: Cash $17,400, Accounts Receivable $2,000, Supplies $1,900, Accounts Payable $1,000, Unearned Revenue $1,600, Owner?s Capital $16,000, Service Revenue $4,100, and Salaries Expense $1,400 During the month of September, the bookkeeper for Depot Company created the following journal entries:

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a. Create T accounts and post the opening balances.

b. Post the September transactions and determine the ending balance in each account.

c. Using the balances determined in part (b), create a trial balance at September 30, 2021.

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Related Book For  book-img-for-question

Accounting Principles Volume 1

ISBN: 978-1119502425

8th Canadian Edition

Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak

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