The trial balance of Kiki's Jewellery Repair at February 29, 2020, is shown below:

During March, Kiki's Jewellery Repair completed the following transactions:

Required 1. Record the March transactions in page 3 of the journal. Include an explanation for each entry.
2. Open three-column ledger accounts for the accounts listed in the trial balance, together with their balances at February 29. Enter Bal. (for previous balance) in the Item column, and place a check mark \((\checkmark)\) in the journal reference column for the February 29 balance in each account.
3. Post the transactions to the ledger, using dates, account numbers, journal references, and posting references.

Transcribed Image Text:

KIKI'S JEWELLERY REPAIR Unadjusted Trial Balance February 29, 2020 Account Number Account Title Debit Credit 1100 Cash $ 4,000 1200 Accounts receivable 16,000 1300 Supplies 3,600 1600 Equipment 37,200 2000 Accounts payable $ 8,000 3000 K. Kalani, capital 50,000 3100 K. Kalani, withdrawals 4,400 5000 Service revenue 16,400 6100 Rent expense 2,000 6200 Salaries expense 7,200 Total $74,400 $74,400