Question
3) All ten transactions for Chalmers Consulting for August 2017, the first month of operation, are recorded in the following T accounts: (1) 20,000
3) All ten transactions for Chalmers Consulting for August 2017, the first month of operation, are recorded in the following T accounts: (1) 20,000 Cash May Chalmers, Capital (1) 20,000 (3) 4,500 (7) 6,800 (5) 5,000 (9) 1,800 (6) 2,500 (10) 1,500 |(8) 3,000 Accounts Receivable (4) 3,500 (9) 1,800 (3) 4,500 Supplies Equipment (2) 18,500 Accounts Payable (5) 5,000 (2) 18,500 May Chalmers, Withdrawals (8) 3,000 Fees Eamed |(4) 3,500 (7) 6,800 (10) 1,500 Operating Expense (6) 2,500 Prepare a trial balance, listing the accounts and their balance in proper order.
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