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For the following ledger T-accounts from Weichman Consulting Co., set up a balance sheet for the end of March. (Hints: Note that for each
For the following ledger T-accounts from Weichman Consulting Co., set up a balance sheet for the end of March. (Hints: Note that for each T-account entry there are two dates, amounts and title of transaction that are cross- identified.) Cash March 1 Capital $1000 March 3 Rent $200 10 Consulting fee 250 20 Salaries 350 25 J.A. Wilson on acct. 500 Customers (Accts. Receivable) March 10 J.A.. Wilson $1200 March 25 Cash on acct. $500 Supplies on Hand March 5 Accts. Payable $360 March 31 Supplies used in March $110 Equipment March 4 Notes payable $3200 Accounts Payable March 5 Supplies $360 Notes Payable March 4 Equipment $3200 Weichman Consulting Co. Capital March 3 Cash $200 March 1 Cash investment $1000 20 Salaries 350 10 Consulting 250 31 Supplies used 110 10 J.A. Wilson 1200
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