Question
1. Record the following selected transactions for April in a two-column journal, identifying each entry by letter: (put letter into column of date, such as
1. Record the following selected transactions for April in a two-column journal, identifying each
entry by letter: (put letter into column of date, such as (a)) (20 points total)
(a) Received $18,000 from Katie Long, owner.
(b) Purchased equipment for $27,000, paying $10,000 in cash and giving a note payable
for the remainder.
(c) Paid $2,300 for rent for April.
(d) Purchased $1,500 of supplies on account.
(e) Recorded $9,800 of fees earned on account.
(f) Received $7,500 in cash for fees earned.
(g) Paid $1,200 to creditors on account.
(h) Paid wages of $3,425.
(i) Received $7,900 from customers on account.
(j) Recorded owners withdrawal of $1,875.
Date Description Post Ref Debit Credit
2. Post all these transactions into T-account and prepare an unadjusted Trial Balance based on the
information above (11 points total)
(Hint: Please use letter as reference when posting, such as (a). There are totally 11 accounts.)
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