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22. Consider the following transactions for Mittel Corporation: a. Sell common stock for $15,000. b. Purchase equipment for $11,100 cash. c. Pay employees' salaries of
22. Consider the following transactions for Mittel Corporation: a. Sell common stock for $15,000. b. Purchase equipment for $11,100 cash. c. Pay employees' salaries of $3,900. d. Provide services to customers for $6,300 cash 1. Post these transactions to the cash T-account. Assume the balance of cash before these transactions is $4,300 Cash Beg. Bal. 23 Use the following information to prepare a trial balance Cash Deferred revenue Prepaid insurance Accounts payable Retained earnings Utilities expense $ 1,800 2,600 3,900 6,400 7,000 800 $ 6,800 Dividends 1.500 Salaries expense 1,600 Accounts receivable 1,800 Common stock 4,700 Service revenue 3,900 Maintenance expense Trial Balance Debit Credit Totals
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