Here is the ledger for Dave Matthews Co.:

Instructions

(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20 and provide explanations for each.

(b) Prepare a trial balance at October 31, 2001.

Transcribed Image Text:

Cash Common Stock Oct. 1 4,000 Oct. 4 400 Oct. 14,000 10 750 12 1,500 25 2,000 10 5,000 15 250 20 800 30 300 25 2,000 31 500 Accounts Receivable Dividends Oct. 6 800 Oct. 20 800 Oct. 30 300 20 740 Supplies Oct. 4 400 Oct. 31 180 Service Revenue Oct. 6 800 10 750 20 740 Furniture Store Wages Expense Oct. 3 2,000 Oct. 31 500 Notes Payable Supplies Expense Oct. 10 5,000 Oct. 31 180 Accounts Payable Rent Expense Oct. 12 1,500 Oct. 3 2,000 Oct. 15 250