Trim Lawn, Inc., is a lawn care company. Thus, the company earns its revenue from sending its trucks to customers' residences and certain commercial establishments to care for lawns and shrubbery. Trim Lawn's trial balance at the end of the first 11 months of the year follows:

a. Open three-column general ledger accounts for each of the accounts in the trial balance under the date of December 1, 1999. Place the word Balance in the explanation space of each account. Also open an account for Dividends, No. 320.

b. Prepare entries in the general journal for the preceding transactions for December 1999.

c. Post the journal entries to three-column general ledger accounts.
\section*{Transactions}
\section*{Problem 2-4A}
Prepare journal entries, post to three-column ledger accounts, and prepare trial balance (L.O. 4-6)
\section*{Required}

d. Prepare a trial balance as of December 31, 1999.

Transcribed Image Text:

Acct. No. TRIM LAWN, INC. Trial Balance November 30, 1999 Account Title 100 Cash. 103 Accounts Receivable. Debits $ 63,740 88,600 Credits 150 Trucks. 102,900 160 Office Furniture. 8,400 200 Accounts Payable $ 33,600 300 Capital Stock 30,000 310 Retained Earnings, January 1, 1999 30,540 400 Service Revenue. 371,010 505 Advertising Expense 18,300 506 Gas and Oil Expense 21,900 507 Salaries Expense 65,850 511 Utilities Expense. 2,310 515 Rent Expense 15,000 518 Supplies Expenso 75,600 531 Entertainment Expense. 2,550 $465,150 $465,150