The trial balance of Bellingham Dry Cleaners on June 30 is given here:

The July transactions were as follows:
July 8 Collected $4,936 in cash on June 30 accounts receivable.
9 Paid employee salaries, $2,100.
11 Received $4,925 in cash for services provided.
14 Paid June 30 creditors $10,750 on account.
17 Purchased supplies on account, $554.
22 Billed customers for services provided, $4,700.
30 Paid employee salaries $3,114, utilities $1,584, and repairs $492.
31 Paid $500 cash dividend.
Instructions

(a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of July 1. Provision should be made for the following additional accounts:
Dividends, Dry Cleaning Revenue, Repair Expense, Salaries Expense, and Utilities Expense.

(b) Journalize the transactions.

(c) Post to the ledger accounts.

(d) Prepare a trial balance on July 31, 2001.

Transcribed Image Text:

BELLINGHAM DRY CLEANERS Trial Balance June 30, 2001 Debit Credit Cash $12,532 Accounts Receivable 10,536 Supplies 4,844 Equipment 25,950 Accounts Payable $15,878 Unearned Revenue 1,730 Common Stock 36,254 $53,862 $53,862