Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

20X6, its first month of operations:(40%) Apr 1 2 4 6 9 17 23 30 Received 20,100 and issued ordinary shares. Purchased 700 of office

image text in transcribed
20X6, its first month of operations:(40%) Apr 1 2 4 6 9 17 23 30 Received 20,100 and issued ordinary shares. Purchased 700 of office supplies on account. Paid 15,200 cash for land to use as a building site. Performed service for customers and received cash of 2,300. Paid 150 on accounts payable. Performed service for UPS on account totaling 1,100.00 Collected 850 from UPS on account. Paid the following expenses: salary, 1,700; rent, 1,300. 1. Record the transactions in the journal of Green Tree Cellular, Inc. Key transactions by date and include an explanation for each entry. 2. Post the entries to the ledger, using T-accounts. Key transactions by date. Date the ending balance of each account April 30 3. Prepare the trial balance of Green Tree Cellular, Inc., at April 30, 20X6. m Dini

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operational Profitability Conducting Management Audits

Authors: Robert M. Torok, Patrick J. Cordon

1st Edition

0471172251, 978-0471172253

More Books

Students also viewed these Accounting questions

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago