This is the trial balance of Jane's Laundry Corporation on September 30:

The October transactions were as follows:
Oct. 5 Received \(\$ 900\) cash from customers on account.
10 Billed customers for services performed, \(\$ 5,500\).
15 Paid employee salaries, \(\$ 1,200\).
17 Performed \(\$ 400\) of services for customers who paid in advance in August.
20 Paid \(\$ 1,600\) to creditors on account.
29 Paid a \(\$ 500\) cash dividend.
31 Paid utilities, \(\$ 600\)

\section*{Instructions}

(a) Prepare a general ledger using \(\mathrm{T}\) accounts. Enter the opening balances in the ledger accounts as of October 1. Provision should be made for these additional accounts: Dividends, Laundry Revenue, Salaries Expense, and Utilities Expense.

(b) Journalize the transactions.

(c) Post to the ledger accounts.

(d) Prepare a trial balance on October 31, 1998.

Transcribed Image Text:

JANE'S LAUNDRY Trial Balance September 30, 1998 Debit Credit Cash $ 8,500 Accounts Receivable 2,200 Supplies 1,700 Equipment 8,000 Accounts Payable $ 5,000 Unearned Revenue 700 Common Stock 14,700 $20,400 $20,400