Here is the ledger for Stampfer Co. Instructions(a) Reproduce the journal entries for only the transactions that
Question:
Here is the ledger for Stampfer Co.
Instructions(a) Reproduce the journal entries for only the transactions that occurred on October 1,10, and 20, and provide explanations for each.(b) Prepare a trial balance at October 31, 2012.
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Cash Common Stock 400 1,500 7,000 Oct. 1 7,000 Oct. 4 Oct. 1 10 980 12 25 2,000 10 8,000 15 250 20 700 30 300 500 25 2,000 31 Dividends Accounts Receivable 800 Oct. 20 Oct. 30 Oct. 6. 700 300 20 920 Supplies Service Revenue 400 Oct. 31 Oct. 180 Oct. 6. 800 10 980 20 920 Salaries and Wages Expense Oct. 31 Equipment Oct. 3,000 500 Supplies Expense 180 | Rent Expense Notes Payable I Oct. 10 Oct. 31 8,000 Accounts Payable 3,000 Oct. 12 1,500 Oct. Oct. 15 250
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a Oct 1 Cash 7000 Common Stock 7000 Issued stock for cash 10 Cash 980 Ser...View the full answer
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Related Book For
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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