Enter the following trial balance into the chart of accounts: Account DR CR Cash 25,000 Vehicle net 74,000 Equipment net 7,500 Loan 50,000 Enter the

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  1. Enter the following trial balance into the chart of accounts:

Account DR CR

Cash 25,000

Vehicle net 74,000

Equipment net 7,500

Loan 50,000

  1. Enter the following journal entries:

sales of services for $2,500 cash.

cheque received from Jeff Smith for $750 to pay previously issued invoice.

sold services to Trevor Taylor for $300 on account.

bank deposited another $15,000 into the chequing account from a bank loan.

cash sales for day amounted to $2,200.

cheque received from Trevor Taylor for $300 to pay invoice.

paid a $450 utility bill with cash.

received a $200 telephone bill to be a paid later

PDF and send a copy of the journal entries, and the trial balance after the entries.

 

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