The T-accounts below summarize the ledger of Salvador’s Gardening Company, Inc.

at the end of the first month of operations.

Instructions Apr. 15 800

(a) Prepare the journal entries (including explanations) that resulted in the amounts posted to the accounts. Present them in the order they occurred.

(b) Prepare a trial balance at April 30, 2017. (Hint: Compute ending balances of T-accounts first.)

Transcribed Image Text:

Cash Apr. 1 15,000 Apr. 15 12 700 29 800 30 900 25 800 3,500 Unearned Service Revenue Apr. 30 900 Accounts Receivable Common Stock Apr. 7 3,400 Apr. 29 800 Apr. 1 15,000 Supplies Service Revenue Apr. 4 5,200 Apr. 7 3,400 12 700 Accounts Payable Salaries and Wages Expense Apr. 25 3,500 Apr. 4 5,200 Apr. 15 800