Question
Complete the T Accounts, prepare the Trial Balance with their headings, and adjusted Trial Balance if necessary Mar. 1 -Melissa Encarnacin invested $ 45,000 to
Complete the "T" Accounts, prepare the Trial Balance with their headings, and adjusted Trial Balance if necessary
Mar. 1 -Melissa Encarnacin invested $ 45,000 to set up her clothing business, ACCO-500.
Mar. 5 -ACCO-500 purchased $ 500 worth of office supplies from Kelvin, Inc. and paid for it in cash.
Mar. 10 -ACCO bought from Adriana's Boutique 4 dozen Carlos Correa shirts for $ 50 each and 10 dozen JJ Barea shirts for $ 10. To pay in 30 days.
Mar. 15 -3 dozen of the Carlos Correa were sold at 125.00 each shirt and 8 dozen of the JJ at $ 75. Those of JJ were in cash (CASH) and those of Correa only paid 50% and the rest on credit. Feb 15
Mar. 18 -Melissa told her accountant Gloria Belgodere that she pays $ 500.00 of what is owed to Adriana's and $ 1,000 of what is owed to Kelvin, Gloria made the payments.
Mar. 18 -Germaine CPA group sent an invoice for $ 8,150.00 for Audit services that she made to ACCO.
Mar.18 -Since JJ's shirts were the old color, all the remaining two were sold for $ 40. Cash.
Mar. 20 -As Correa's team did not enter the world series, Correa's teams were sold for $ 60 each shirt and there are only 2 shirts left unsold, on Credit.
Mar.22 -Claudia, Coralis and Ricardo are the shirt sellers and each one charges $ 400.00 Gloria the accountant charges $ 1,250.00. Salary was paid to all.
Mar.25 -50% of the bill was paid to Germaine
Mar. 28 -Melissa withdrew 3,000 for her personal
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