Fortin Co.'s ledger is as follows: Instructions (a) Journalize the October transactions. (b) Determine the October 31,
Question:
Instructions
(a) Journalize the October transactions.
(b) Determine the October 31, 2017, balance for each account. Prepare a trial balance at October 31, 2017.
Transcribed Image Text:
A. Fortin, Ca 1,200 2,000 Oct. 1 10 15 21 25 Oct. 1 25 1,200 Oct. 3 12 30 31 31 650 3,000 600 250 A. Fortin, Drawin 2,000 Oct. 30 600 Accounts Receivable Service Revenue Oct. 6 10 15 20 1,000 650 3,000 940 Oct. 6 20 1,000 Oct. 21 800 940 Oct. 4 800 Advertising Ex quipment 5,400 Notes Payable Oct. 3 Oct. 28 Rent Expense Oct. 3 5,000 Oct. 31 250 Accounts Payable Salaries E Oct. 12 500 Oct. 4 28 Oct. 31 400
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a GENERAL JOURNAL J1 Date Account Titles and Explanation Debit Credit Oct 1 Cash 1200 A Fortin Capit...View the full answer
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Related Book For
Accounting Principles
ISBN: 978-1119048503
7th Canadian Edition Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
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A trial balance is a list of all the general ledger accounts contained in the ledger of a business. This list will contain the name of each nominal ledger account and the value of that nominal ledger balance. Each nominal ledger account will hold either a debit balance or a credit balance
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