E3-14BHere is the ledger for Camphor Co.

Journalize transactions from T accounts and prepare a trial balance. (LO 3, 5), AP Cash					Common Stock
Oct. 1	15,000	Oct. 4	400			Oct. 1	15,000
10	980	12	1,500			25	2,000
10	8,000	15	250
20	700	30	300		Dividends
25	2,000	31	500		Oct. 30 300

Accounts Receivable					Service Revenue
Oct. 6	800	Oct. 20	700			Oct. 6	800
20	920					10	980
						20	920
Supplies					Salaries and Wages Expense
Oct. 4	400	Oct. 31	180		Oct. 31 500
Equipment					Supplies Expense
Oct. 3	3,000				Oct. 31 180
Notes Payable					Rent Expense
		Oct. 10	8,000		Oct. 15 250
Accounts Payable
Oct. 12	1,500	Oct. 3	3,000

Instructions

(a) Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20, and provide explanations for each.

(b) Prepare a trial balance at October 31, 2014. (Hint: Compute ending balances of T accounts first.)