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Do the unadjusted and adjusted trial balance! Thanks! ACCT 201 Case Spring 2018 Page 3 Canine Cuisine, Inc. In August, 2018, Canine Cuisine, Inc. was
Do the unadjusted and adjusted trial balance! Thanks!
ACCT 201 Case Spring 2018 Page 3 Canine Cuisine, Inc. In August, 2018, Canine Cuisine, Inc. was established in Lafayette, Louisiana, to sell gourmet dog evia the internet to individual and commercial customers across the United States. Luke Ward Pachi Lee are the major stockholders in this corporation. Part I: The company completed the following transactions during August 2018 August 1 Stockholders (Luke and Pachi) invested $60,000 cash in the business. 3 Purchased a computer system for use in the business for $12,000: paid $5,000 5 Hired Ima Nurd to design, set up, and operate the company's website. 8 Purchased $21,000 of gourmet dog cuisine from a local manufacturing company 10 Paid $6,000 for a one-year insurance policy effective August 1, 2018. 11 Received $9,000 cash for services to be provided from August 1 through 12 Purchased supplies for $6,200 on account. down and signed a 1 year 12% note for the balance. paid 1/3 in cash and the balance on account October 31, 2018. Paid $2,800 to advertise the opening of their business. $11,000. 15 18 Sold gourmet dog cuisine to customers on account for $26,000: the cuisine cost 23 Paid $4,700 to creditors on account. 25 Collected $12,600 from customers billed on August 18. 27 Sold gourmet dog cuisine to customers for $4,400 cash: the cuisine cost 29 30 $1,300 Paid $800 for utilities used during August. Declared and paid a $900 dividend. EQUIRED: Journalize the August transactions in the general journal. J 1 General Journal Date Ref Debit Credit Account Titles Step by Step Solution
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