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Exercise 2: Preparation of Journal, Ledgers, & Trial Balance (Subsequent Accounting Periods) The Golden Nursery School Corporation provides baby-sitting and child-care programs. On February 1,2016,

image text in transcribed Exercise 2: Preparation of Journal, Ledgers, \& Trial Balance (Subsequent Accounting Periods) The Golden Nursery School Corporation provides baby-sitting and child-care programs. On February 1,2016, the company had the following trial balance: Golden Nursery School Corporation During the month of February, the company completed the following transactions: Feb. 2 Paid this month's rent, $400. 3 Received fees for this month's services, $650. 4 Purchased supplies on account, $85. 5 Reimbursed the bus driver for gas expenses $40. 6 Ordered playground equipment, $1,000. 8 Made a payment on account, $170. 9 Received payments from customers on account, $1,200. 10 Billed customers who had not yet paid for this month's services, $700. Required 1. Open accounts in the ledger for the accounts in the trial balance plus any additional required accounts. 2. Enter journal entries for the above transactions and prepare the ledger accounts and the trial balance as on 28th Feb 2016

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