1. Domingo Company started its business on May 1, 2019. The following transactions occurred during the month of May and the following entries were recorded.

   A. The owners invested $9,500 from their personal account to the business account. B. Paid rent $600 with check #101. C. Initiated a petty cash fund $600 with check #102. D. Received $1,100 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,300, paid $1,350 with check #104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $800, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $77, miscellaneous expense $55. Cash on hand $115. Check #106. J. Increased petty cash by $30, check #107.

   A.	Cash	9,500
   	Domingo, Capital		9,500
   B.	Rent Expense	600
   	Cash		600
   C.	Petty Cash	600
   	Cash		600
   D.	Cash	1,100
   	Services Income		1,100
   E.	Office Supplies	158
   	Cash		158
   F.	Computer Equipment	2,300
   	Cash		1,350
   	Accounts Payable		950
   G.	Cash	800
   	Services Income		800
   H.	Wages Expense	800
   	Cash		800
   I.	Office Supplies	256
   	Maintenance Expense	108
   	Miscellaneous Expense	55
   	Postage Expense	77
   	Cash Over and Short		11
   	Cash		485
   J.	Petty Cash	30
   	Cash		30

   Prepare a trial balance using the journal entries. If an amount box does not require an entry, leave it blank.

   Domingo Company Trial Balance May 31, 2019

   Account	Debit	Credit
   Accounts PayableCashDomingo, CapitalMiscellaneous ExpenseOffice Supplies ExpenseCash	Cash	Cash
   Accounts PayablePetty CashPostage ExpenseServices IncomeWages ExpensePetty Cash	Petty Cash	Petty Cash
   Auto ExpenseOffice Supplies ExpenseOffice SuppliesServices IncomeWages ExpenseServices Income	Services Income	Services Income
   Auto ExpenseComputer EquipmentOffice Supplies ExpenseServices IncomeWages ExpenseOffice Supplies Expense	Office Supplies Expense	Office Supplies Expense
   Accounts PayableAccounts ReceivableCashComputer EquipmentPetty CashComputer Equipment	Computer Equipment	Computer Equipment
   Accounts ReceivableCash Over and ShortDomingo, CapitalMiscellaneous ExpensePetty CashMiscellaneous Expense	Miscellaneous Expense	Miscellaneous Expense
   Accounts ReceivableMiscellaneous ExpensePetty CashServices IncomeWages ExpenseWages Expense	Wages Expense	Wages Expense
   Accounts PayableDomingo, CapitalOffice SuppliesRent ExpenseServices IncomeRent Expense	Rent Expense	Rent Expense
   Accounts PayableCashDomingo, CapitalOffice SuppliesWages ExpenseCash	Cash	Cash
   Accounts PayableDomingo, CapitalMaintenance ExpenseOffice SuppliesServices IncomeMaintenance Expense	Maintenance Expense	Maintenance Expense
   Accounts PayableAccounts ReceivableDomingo, CapitalMiscellaneous ExpensePetty CashDomingo, Capital	Domingo, Capital	Domingo, Capital
   Accounts PayableAccounts ReceivableCash Over and ShortDomingo, CapitalPetty CashCash Over and Short	Cash Over and Short	Cash Over and Short
   Accounts ReceivableCashDomingo, CapitalPetty CashPostage ExpensePostage Expense	Postage Expense	Postage Expense
   Total	fill in the blank 40	fill in the blank 41

   Feedback

   Prepare the trial balance in the usual fashion, including accounts Petty Cash and Cash Over and Short that are new to this chapter.

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