Here is the ledger for Stamper Co.

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, 2012. (Hint: Compute ending balances of T accounts first.)

Transcribed Image Text:

Cash Common Stock Oct. 1 7,000 Oct. 4 400 Oct. 1 7,000 10 980 10 8,000 20 700 252 12 1,500 25 2,000 15 250 30 300 25 2,000 31 500 Accounts Receivable Dividends Oct. 6 800 Oct. 20 700 Oct. 30 300 20 920 Supplies Service Revenue Oct. 4 400 Oct. 31 180 Oct. 6 800 10 980 20 920 Salaries and Wages Expense 500 T Supplies Expense 180 Rent Expense 250 Equipment Oct. 3 3,000 Oct. 31 Notes Payable Oct. 10 8,000 Oct. 31 Accounts Payable Oct. 12 1,500 Oct. 3 3,000 Oct. 15