chapter 2

Sharon Matthews, Drawing Rent Expense Office Salaries Expense Automobile Expense Supplies Expense Miscellaneous Expense 3. Prepare an unadjusted trial baiance as of January 31, 2019. For those boxes in which no entry is required, leave the box blank. 4. As a result of the January transactions (a1), determine the following: 2. Prepare T accounts, wing the account tites in (1). Post the foumal entries to these T accosnts, selecting the appraprate letter to the left of each amount to idemcty the transactions. Determine the sccount bslances (when required), after all sosting is complete, for all accouns having two or more debits or oredits. J more Check My Work uses remuing 4. As a result of the January transactions (a-i), determine the following: a. Amount of total revenue recorded the ledger. b. Amount of total expenses recorded in the ledger. $ c. Amount of net income for January. 5. Determine the total increase or decrease in owner's equity for January. On January 1, 2019, Sharon Matthews established Tri-Cky Reaity, which completed the following transactions during the month: a. Sharon Motthews trans/erted cash from a personal bank sccuunt to an account to be used for the business, 527,000 . b. Paid rent on office and equipment for the month, $4,990, C. Purchased supplies on account, $1,470 d. Paid creditor on account, $540. e. Earned fees, receiving cass, $22,680. f. Paid automobile expenses (nduding rental charge) for month, $1,360, and miscellaneous expenses, $930. 9. Paid office salsries, $2,900. h. Determined that the cost of supplies used was $820. 1. Withdrew cash for personal use, $1,340. Required: 1. Journolize entries for transactions (a) through Q) (in chronological order), using the following acceunt titlest Cash; Supples: Accounts Phoble; Sharch Mattinews. Coptal; Sharan Matthews, Dexwirsa; Fees Earned; Rent Expense; Oefice Salaries Expense; Automobile Expense; Supplies Expense; Miscellaneoun bxpense. For a compound transaction, if an amount box does not require an entry, leave it blank