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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

(1) $9,000

$755 (8)

(2) $3,165

(7) $1,900

(6) $5,000

$1,500 (4)

$600 (9)

Revenue Earned

F. Reid, Capital

Accounts Receivable

$5,235 (5)

9000 (1)

(3) $5,235

$6,000 (6)

(6) $1,000

F. Reid, Withdrawals

Accounts Payable

Rent Expense

(8) $755

(9) $600

$3,165 (2)

(4) 1,500

$1,900 (7)

Required:

  1. Foot and total, if required the T-Accounts directly in the T-Accounts supplied.
  2. Prepare a trial balance, listing the accounts and their balances in proper order.

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