On 1 July 2 0 2 3 , Jacky Russell started a lawn mowing business, Jacky s
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Question:
On July Jacky Russell started a lawn mowing business, Jackys Lawn. The following
transactions occurred during March:
July Jacky contributed $ cash to the business in exchange for capital.
Purchased $ equipment paying in cash.
Paid $ cash to purchase land to be used in operations.
Paid $ for a fourmonth insurance policy starting on December.
Purchased office supplies on credit, $
Borrowed $ from the bank for business use. Jacky signed a loan payable to the
bank
Paid $ for advertising expenses.
Paid $ on account
The business received a bill for electricity and gas to be paid in April August, $
Revenue earned during the month included $ cash and $ on credit.
Paid employees salaries $ and building rent $
The business received $ for service to be performed in November.
Jacky withdrew cash of $ for a holiday with his girlfriend Michelle.
The business uses the following accountings: cash, Accounts receivable, office supplies, prepaid
insurance, equipment, accumulated depreciationequipment, land, accounts payable, electricity
and gas payable, interest payable, unearned revenue, loans payable, Jacky Capital, Jacky
withdrawals, income summary, service revenue, salaries expense, rent expense, electricity and
gas expense, advertising expense, supplies expense, insurance expense, interest expense, and
depreciation expense equipment.
Adjustment information
a Office supplies used during the month $
b Depreciation for the month $
c One month of insurance has expired
d Accrued interest expense $
REQUIRED::
Prepare an unadjusted trial balance
Related Book For
Interpreting and Analyzing Financial Statements
ISBN: 978-0132746243
6th edition
Authors: Karen P. Schoenebeck, Mark P. Holtzman
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