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Accounting Cycle Project The following is the post - closing trial balance for Kennesaw Company, Inc ( K C l , a merchandising company, at
Accounting Cycle Project
The following is the postclosing trial balance for Kennesaw Company, Inc a merchandising company, at December
tableAccount Title,Debit,CreditCashAccounts Receivable,Allowance for Uncollectible Accounts,,SuppliesInventoryEquipmentAccumulated Depreciation,,Accounts Payable,,StockRetained Earnings,Total
The following are the transactions for the month of January, :
A On January purchased inventory for $ on account.
B On January sold merchandise to a customer for $ and accepted a month, note. The merchandise cost $
C On January paid $ for a oneyear insurance policy.
D On January collected $ from customers previously billed.
E On January wrote off $ in accounts receivable for a customer that filed bankruptcy.
F On January received $ from a customer as a deposit for future merchandise purchase
G On January paid $ for employee salaries for work performed in January.
H On January sold $ of inventory on account that cost $
I On January purchases land for $ and incurs title investigation costs of $
J On January KCI paid $ for dividends. I need help with the unadjusted trial balance too. Thanks
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