Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

3. Prepare an unadjusted trial balance for Jones Architects as of April 30,20Y2. List all accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues,

image text in transcribed
image text in transcribed
image text in transcribed
3. Prepare an unadjusted trial balance for Jones Architects as of April 30,20Y2. List all accounts in the order of Assets, Liabilities, Stockholders' equity, Revenues, and Expenses, If an amount box does not require an entry, leave it blank. 3. Prepare an unadjusted trial balance for Jones Architects as of April 30, 20Y2. List all accounts in the order of Assets, Liabilities Stockhoiders' equity, Revenues, and Expenses. If an amount box does not require an entry, leave it blank. Jones Architects Unadjusted Trial Balance April 30,20Y2 Ken Jones, an architect, organized Jones Architects on April 1, 20Y2. During the month, Jones Architects completed the following transactions: a. Transferred cash from a personal bank account to an account to be used for the business in exchange for Common 5 tock, $18,000. b. Purchased used automobile for $19,500, paying $2,500 cash and giving a note payable for the remainder. c. Paid April rent for office and workroom, $3,150. d. Paid cash for supplies, $1,450. e. Purchased office and computer equipment on account, $6,500. f. Paid cash for annual insurance policies on automobile and equipment, $2,400. g. Received cash from a client for plans delivered, $12,000. h. Paid cash to creditors on account, $1,800. i. Paid cash for miscellaneous expenses, $375. j. Received invoice for blueprint service, due in May, $2,500. k. Recorded fees earned on plans delivered, payment to be received in May, $15,650. 1. Paid salary of assistant, $2,800. m. Paid cash for miscellaneous expenses, $200. n. Paid installment due on note payable, $300. o. Paid gas, oil, and repairs on automobile for April, $550

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

Quality Management System A Planning And Auditing Guide

Authors: Walter Willborn

1st Edition

083113013X, 978-0831130138

More Books

Students also viewed these Accounting questions

Question

Under what circumstances would you use a switched backbone?

Answered: 1 week ago