Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

assignment 3b last question Assignment 3-B REQUIRED Question 9 of 9 3/5 E View Policies Show Attempt History Current Attempt in Progress This is the

assignment 3b last questionimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Assignment 3-B REQUIRED Question 9 of 9 3/5 E View Policies Show Attempt History Current Attempt in Progress This is the trial balance of Ivanhoe Company on September 30. IVANHOE COMPANY Trial Balance September 30, 2022 Debit Credit Cash $ 23,640 Accounts Receivable 7,040 Supplies 4270 Equipment 10,170 Accounts Payable $ 9.240 Unearned Service Revenue 3.270 Common Stock 19.440 Retained Earnings 13,170 $ 45,120 $ 45,120 The October transactions were as follows. Oct. 5 10 Received $ 1,310 in cash from customers for accounts receivable due Billed customers for services performed $5,410 $ Paid employee salaries $ 1,110. 15 17 Performed $ 580 of services in exchange for cash. Paid $ 1,830 to creditors for accounts payable due. 20 29 Paid a $ 250 cash dividend, 31 Paid utilities $ 420. (a) Assignment 3-B REQUIRED Question 9 of 9 3/5 E (a) Your Answer Correct Answer Your answer is correct. Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1 Cash 10/1 Bal. 23640 Accounts Receivable 10/1 Bal. 7040 Supplies 10/1 Bal. 4270 Equipment 10/1 Bal 10170 Accounts Payable 10/1 Bal 9240 Unearned Service Revenue 10/1 Bal v 3270 Common Stock 10/1 Bal 19440 Retained Earnings 10/1 Bal 13170 e Textbook and Media List of Accounts Attempts: 3 of 3 used (h) Assignment 3-B REQUIRED Question 9 of 9 e Textbook and Media List of Accounts Attempts: 1 of 3 used Assignment 3-B REQUIRED Question 9 of 9 3/5 E (c) Your Answer Correct Answer Your answer is correct. Post to the ledger accounts. (Post entries in the order of information presented in the question.) Cash 10/1 Bal 23.640 10/15 1110 10/5 v 1310 10/20 V 1830 580 10/29 250 10/31 V 420 Bal. V 21920 Accounts Receivable 10/1 Bal 7,040 10/5 1310 10/10 5410 Bal. V 11140 Supplies 10/1 Bal. 4,270 Bal V 4270 Equipment 10/1 Bal 10,170 V Bell V 10170 V Accounts Payable 10/20 1830 10/1 Bal. 9.240 Bal 7410 Unearned Service Revenue 10/1 Bal. 3,270 Bal 3270 Common Stock Common Stock 10/1 Bal. 19,440 Bal 19440 Retained Earnings 10/1 13,170 Bal 13170 Dividends 10/29 250 Bal. 250 Service Revenue 10/10 5410 10/17 580 Bal 5990 Salaries and Wages Expense 10/15 1110 Bal. 1110 Utilities Expense 10/31 420 Bal. 420 e Textbook and Media (d) Prepare a trial balance on October 31, 2022. NANHOE COMPANY Trial Balance Debit Credit S $ $ $ eTextbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Modeling And Designing Accounting Systems Using Access To Build A Database

Authors: Laura R. Ingraham, C. Janie Chang

1st Edition

0471450871, 978-0471450870

More Books

Students also viewed these Accounting questions

Question

What is the difference between passive and active security threats?

Answered: 1 week ago