ACCT 201 Spring 2017 Page 8. Prepare an unadjusted trial balance at August 31, 2017. (Total debits = &121,900)

In August. 2017. Chow Buddies, Inc. was established in Lafayette. Louisiana, to sell gourmet dog cuisine via the internet to individual and commercial customers across the United States. Luke Ward and Pachi Lee are the major stockholders in this corporation. Part I: 1. The company completed the following transactions during August 2017. August 1 Stockholders (Luke and invested $60,000 cash in the business. Pachi) 3 Purchased a computer system for use in the business for $12.000, paid $5,000 down and signed a 1 year 12% note for the balance. 5 Nurd to design, set up, and operate the company's company. 8 Purchased $21.000 of gourmet dog cuisine from a local manufacturing paid 1/3 in cash and the balance on account. 10 Paid $6,000 for a one-year insurance policy effective August 1, 2017. 1 through 11 Received $9,000 cash for services to be provided from August October 31, 2017. 12 Purchased supplies for $6,200 on account. business. 15 Paid $2,800 to advertise the opening of their for $26,000; the cuisine cost 18 Sold gourmet dog cuisine to customers on account $11,000. 23 Paid $4,700 to creditors on account. on August 18. 25 Collected $12,600 from customers billed cost 27 Sold gourmet dog cuisine to customers for $4,400 cash: the cuisine $1,300 during August. 29 Paid $800 for utilities used 30 Declared and paid a $900 dividend