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Below is the trial balance as at October 1, 2023 for a new service business you have started at the beginning of this month. Account
Below is the trial balance as at October 1, 2023 for a new service business you have started at the beginning of this month.
Account DR CR
Cash $ 26,000
Accounts receivable $4,500
Accounts payable $ 2,000
Share capital $10,000
Retained earnings $18,500
Total $ 30,500 $ 30,500
- Create T-accounts for the opening balances shown in the trial balance. Create additional T-accounts as needed and post all journal entries to the appropriate accounts (reference accordingly)
- Create a trial balance as at September 30, 2023.
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