The T accounts on the next page summarize the ledger of McGregor Gardening Company, Inc. at the end of the first month of operations.

Instructions

(a) Prepare in the order they occurred the journal entries (including explanations) that resulted in the amounts posted to the accounts.

(b) Prepare a trial balance at April 30, 2012. (Hint: Compute ending balances of T accounts first.)

Transcribed Image Text:

Apr Cash 15,000 Apr 15 29 1228 700 800 30 900 800 25 3,500 Unearned Service Revenue Apr. 30 900 Accounts Receivable Common Stock Apr. 7 3,400 Apr 29 800 Apr. 1 15,000 Supplies Service Revenue Apr. 4 5,200 Apr. 7 3,400 12 700 Accounts Payable Salaries and Wages Expense Apr 25 3,500 Apr. 4 5,200 Apr. 15 800 T