Julie Denend started a mobile DJ business named Mobile Music, Inc., on November 1, 2018. In the month of November, before providing services to customers, the business incurred six transactions, which have been posted to the accounts as follows:

Requirements

1. Prepare the journal entries that served as the sources for the six transactions.

2. Calculate the ending balance for each account.

3. Prepare the trial balance for Mobile Music, Inc., at November 30, 2018.

4. Prepare a balance sheet for Mobile Music, Inc., as of November 30, 2018.

Transcribed Image Text:

Equipment 4,000| Cash Building 60,000| Supplies 300| 45,000 (4) (2) (1) 4,000 (5) 7,000 (3) (4) |(6) 150 Accounts Payable Notes Payable Common Stock 45,000 T) 150 | (2) 300 7,000 | (3) 60,000 (6) (5)