This is the trial balance of Solis Company on September 30.

SOLIS COMPANY Trial Balance September 30, 2014 Debit Credit Cash $19,200 Accounts Receivable 2,600 Supplies 2,100 Equipment 8,000 Accounts Payable $ 4,800 Unearned Service Revenue 1,100 Common Stock 15,000 Retained Earnings 11,000

$31,900 $31,900 The October transactions were as follows.

Oct. 5 Received $1,300 in cash from customers for accounts receivable due.

10 Billed customers for services performed $5,100.

15 Paid employee salaries $1,200.

17 Performed $600 of services in exchange for cash.

20 Paid $1,900 to creditors for accounts payable due.

29 Paid a $300 cash dividend.

31 Paid utilities $400.

Instructions

(a) Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Provision should be made for these additional accounts: Dividends, Service Revenue, Salaries and Wages Expense, and Utilities Expense.

(b) Journalize the transactions, including explanations.

(c) Post to the ledger accounts.

(d) Prepare a trial balance on October 31, 2014.

AppendixLO1