Trim Lawn, Inc., is a lawn care company. Thus, the company earns its revenue from sending Problem
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Trim Lawn, Inc., is a lawn care company. Thus, the company earns its revenue from sending Problem 2-4A its trucks to customers" residences and certain commercial establishments to care for lawns Prepare journal entries, and shrubbery. Trim Lawn's trial balance at the end of the first 1 1 months of the year follows: kio96
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Acct. No. TRIM LAWN, INC Trial Balance November 30, 1999 Account Title 100 Cash 103 Accounts Receivable 150 Trucks 160 Office Furniture 200 Accounts Payable 300 Capital Stock 310 Retained Earnings January 1, 1999 400 Service Revenue 506 Advertising Expense 506 Gas and Oil Expende 507 Salares Expense 511 515 Rent Expense 518 Ubilities Expense Supples Expense 531 Entertainment Expense Debits Credits $ 63,740 88.600 102.900 8400 $33.600 30,000 30.540 271.010 18.300 21.900 85,850 2,310 15,000 75,600 2.050 $465 150 $465 150 Dec. 2 Paid rent for December. $3.000 5 Paid the accounts payable of 5.33,600. Paid advertising for December, $1,500 10 Purchased a new office desk on account. $1,050. 13 Purchased $240 of supplies on account for use in December 15 Collected cash from customers on account, $75,000 20 Paid for customer entertainment, $450. 24 Collected an additional $6.000 from customers on account. 26 Paid for gasoline used in the trucks in December, $270. 28 Billed customers for services rendered. $79,500 30 Paid for more December supplies. $12,000. 31 Paid December salaries, $15.300. 31 Paid a $4,000 cash dividend. (The Dividends account is No. 320)
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Accounting A Business Perspective
ISBN: 9780075615859
7th Edition
Authors: Roger H. Hermanson, James Don Edwards, Michael W. Maher
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