The unadjusted trial balance of Sunshine Financial Advisors is dated March 31, 2025: During April, the business
Question:
The unadjusted trial balance of Sunshine Financial Advisors is dated March 31, 2025:
During April, the business completed the following transactions:
Requirements
1. Record the April transactions in the journal using the following accounts: Cash; Accounts Receivable; Supplies; Land; Furniture; Automobile; Accounts Payable; Unearned Revenue; Sunshine, Capital; Sunshine, Withdrawals; Service Revenue; Salaries Expense; and Rent Expense. Include an explanation for each entry.
2. Open the four-column ledger accounts listed in the unadjusted trial balance, together with their balances as of March 31. Use the following account numbers: Cash, 11; Accounts Receivable, 12; Supplies, 13; Land, 14; Furniture, 15; Automobile, 16; Accounts Payable, 21; Unearned Revenue, 22; Sunshine, Capital, 31; Sunshine, Withdrawals, 33; Service Revenue, 41; Salaries Expense, 51; and Rent Expense, 52.
3. Post the journal entries to four-column accounts in the ledger, using dates, account numbers, journal references, and posting references. Assume the journal entries were recorded on page 5 of the journal.
4. Prepare the unadjusted trial balance of Sunshine Financial Advisors at April 30, 2025.
Step by Step Answer:
Horngrens Accounting The Financial Chapters
ISBN: 9780137884858
14th Edition
Authors: Brenda Mattison, Tracie Miller-Nobles