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6. Choco provide trucking services. Using accounts given below, 1) Make a journal entry for each of the following transactions. Do not need to provide
6. Choco provide trucking services. Using accounts given below, 1) Make a journal entry for each of the following transactions. Do not need to provide explanation for each. (14.25pts total) 2) Post journal entry to T-accounts. (5.8pts) 3) Prepare trial balance for the month of September. (6.95pts) Accounts name: Cash, Accounts Receivable, Prepaid Rent, Office Supplies, Truck, Accounts Payable, Common Stock, Service Revenue, Gasoline Expense, Dividends. a. 9/1: The stockholders contributed cash of $40,000 and a truck worth $48,000 into the business in exchange for common stock total of $88,000. Date Accounts Dr. Cr. 9/1 (2.25pts) Cr. b. 9/2: Paid two months' rent in advance in cash, $2,400. Date Accounts Dr. 9/2 (1.5pts) C. 9/12: Performed the trucking service on account of $6,400. Date Accounts Dr. Cr. 9/12 (1.5pts) d. 9/20: Received payment of S2,000 on the trucking service performed on 9/12 on account. Date Accounts Dr. Cr. 9/20 tes 9/12 (1.5pts) d. 9/20: Received payment of $2,000 on the trucking service performed on 9/12 on account. Date Accounts Dr. Cr. 9/20 (1.5pts) Dr. Cr. e. 9/21: Purchased office supplies on account, $120. Date Accounts 9/21 (1.5pts) Cr. f. 9/22: Purchased gas on account, $200. Date Accounts Dr. 9/22 (1.5pts) g. 9/23: Performed the trucking service and received cash of $1,200. Date Accounts Dr. 9/23 (1.5pts) Cr. Cr. h. 9/24: Paid $100 cash for 9/21 office supplies purchased on account. Date Accounts Dr. 9/30 31.5nts) Cr. i. 9/30: Paid cash dividends to shareholders total of $800. Date Accounts Dr. 9/30 1.5pts) Cash (1.4pt) Accounts Payable (0.8pt) Common Stock (0.4pt) Cash (1.4pt) Accounts Payable (0.8pt) Common Stock (0.4pt) Accounts Receivable (0.6pt) Service Revenue (0.6pt) Prepaid Rent(0.4pt) Gasoline Expense (0.4pt) I Truck(0.4pt) Dividends (0.4pt) Office Supplies (0.4pt) Cr. Choco Trucking Services, Corp. Trial Balance For September, 2019 Accounts Dr. Cash (0.5pt) Accounts Receivable (0.5pt) Office Supplies (0.5pt) Prepaid Rent (0.5pt) Truck (0.5pt) Accounts Payable (0.5pt) Common Stock (0.5pt) Service Revenue (0.5pt) Gasoline Expense (0.5pt) Dividends (0.5pt) Total (1.95pts)
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