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All nine transactions for Reids Dairy Co. for July 2017, the first month of operation, are recorded in the following T accounts: Cash Computer Equipment
All nine transactions for Reids Dairy Co. for July 2017, the first month of operation, are recorded in the following T accounts:
Cash | Computer Equipment | Advertising Expense |
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(1) $9,000 | $755 (8) | (2) $3,165 |
| (7) $1,900 |
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(6) $5,000 | $1,500 (4) |
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| $600 (9) |
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Revenue Earned | F. Reid, Capital | Accounts Receivable | ||||||
| $5,235 (5) |
| 9000 (1) | (3) $5,235 |
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| $6,000 (6) |
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| (6) $1,000 |
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F. Reid, Withdrawals | Accounts Payable | Rent Expense |
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(8) $755 |
| (9) $600 | $3,165 (2) | (4) 1,500 |
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| $1,900 (7) |
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Required:
- Foot and total, if required the T-Accounts directly in the T-Accounts supplied.
- Prepare a trial balance, listing the accounts and their balances in proper order.
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