The T accounts on the next page summarize the ledger of McGregor Gardening Company, Inc. at the
Question:
The T accounts on the next page summarize the ledger of McGregor Gardening Company, Inc. at the end of the first month of operations.
Instructions(a) Prepare in the order they occurred the journal entries (including explanations) that resulted in the amounts posted to the accounts.(b) Prepare a trial balance at April 30, 2012.
Cash Unearned Service Revenue 15,000 | Аpг. 15 700 Apr. 12 800 Apr. 30 900 25 3,500 29 800 30 900 Accounts Receivable Common Stock 3,400 | Аpг. 29 Apг. 800 Apr. 15,000 Service Revenue Supplies 5,200 Apг. 4 Apr. 12 3,400 700 Accounts Payable 3,500 | Apr. 4 Salaries and Wages Expense 800 | 5,200 Apr. 15 Apr. 25
Step by Step Answer:
a General Journal Date Account Titles and Explanation Debit Credit Apr 1 Cash Common Stock Issued st...View the full answer
Financial Accounting Tools for business decision making
ISBN: 978-0470534779
6th Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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A journal entry is an act of keeping or making records of any transactions either economic or non-economic. Transactions are listed in an accounting journal that shows a company\'s debit and credit balances. The journal entry can consist of several recordings, each of which is either a debit or a credit
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