Journalizing, posting, and trial balance preparation (Learning Objectives 3 & 4) 25–30 min.

The trial balance for Safe Systems, Inc., at September 15, 2014, follows:

During the remainder of September, Safe Systems, Inc., completed the following transactions:

Requirements 1. Journalize the transactions that occurred September 16 to September 30 on page 6 of the journal.
2. Open the ledger accounts listed in the trial balance together with their beginning balances at September 15. Use the four-column account format illustrated in the chapter. Enter “Bal” for the September 15 balance in the Item column. Post the transactions to the ledger using dates, account numbers, and posting references.
Calculate the new account balances at September 30, 2014.
3. Prepare the trial balance for Safe Systems, Inc., at September 30, 2014.AppendixLO1

Transcribed Image Text:

Safe Systems, Inc. Trial Balance September 15, 2014 ACCT # ACCOUNT 110 Cash DEBIT CREDIT $ 6,530 112 Accounts Receivable 115 Supplies 7,200 310 140 Equipment 14,300 210 Accounts Payable $ 5,100 311 Common Stock 23,000 315 Dividends 2,500 411 Service Revenue 6,940 511 Salaries Expense 2,800 515 Rent Expense 1,400 Total $35,040 $35,040