Here is the ledger for Arseneault Co.

T accounts and prepare a trial balance. Cash Common Stock

(SO 5, 8)

Oct. 1 4,800 Oct. 4 400 Oct. 1 4,800 10%" 750 12 1,500 25 2,000 10 8,000 15 250 20 ~800 30 2 m3 00)

25 2,000 31 500 Accounts Receivable Dividends Oct. 6 800 | Oct, 20 + 800 Oct. 30.07 300 20 920 Supplies Service Revenue Furniture Store Wages Expense Oct. 3 3,000 | Oct. 31 500 Notes Payable Supplies Expense Oct. 10 8,000 Oct-31 180 Accounts Payable Rent Expense Oct. 12 1,500 ace 3 3,000 Oct. 15 250 Instructions

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

(b) Prepare a trial balance at October 31, 2007. (Hint: Compute ending balances of T accounts first.)

Analyze errors and their