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Here is the ledger for Pharoah Company . Cash Oct. 1 8,710 Oct. 4 2,110 Oct. 10 2,690 Oct. 12 3,210 Oct. 10 9,710 Oct.
Here is the ledger for Pharoah Company.
(a) Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
(b) Prepare a trial balance at October 31, 2017.
Cash | |||
Oct. 1 | 8,710 | Oct. 4 | 2,110 |
Oct. 10 | 2,690 | Oct. 12 | 3,210 |
Oct. 10 | 9,710 | Oct. 15 | 400 |
Oct. 20 | 850 | Oct. 30 | 450 |
Oct. 25 | 3,710 | Oct. 31 | 650 |
Accounts Receivable | |||
Oct. 6 | 950 | Oct. 20 | 850 |
Oct. 20 | 1,070 | | |
Supplies | |||
Oct. 4 | 2,110 | Oct. 31 | 1,890 |
Equipment | |||
Oct. 3 | 4,710 | | |
Notes Payable | |||
| Oct. 10 | 9,710 | |
Accounts Payable | |||
Oct. 12 | 3,210 | Oct. 3 | 4,710 |
Common Stock | |||
| Oct. 1 | 8,710 | |
| Oct. 25 | 3,710 | |
Dividends | |||
Oct. 30 | 450 | | |
Service Revenue | |||
| Oct. 6 | 950 | |
| Oct. 10 | 2,690 | |
| Oct. 20 | 1,070 | |
Salaries and Wages Expense | |||
Oct. 31 | 650 | | |
Supplies Expense | |||
Oct. 31 | 1,890 | | |
Rent Expense | |||
Oct. 15 | 400 | |
Date | Account Titles and Explanation | Debit | Credit |
Oct. 1Oct. 10Oct. 20 | |||
(Issued stock for cash) | |||
Oct. 1Oct. 10Oct. 20 | |||
(Received cash for services provided) | |||
Oct. 1Oct. 10Oct. 20 | |||
(Issued note payable for cash) | |||
Oct. 1Oct. 10Oct. 20 | |||
(Received cash in payment of account) | |||
Oct. 1Oct. 10Oct. 20 | |||
(Billed clients for services provided) |
PHAROAH COMPANY Trial Balance For the Month Ended October 31, 2017October 31, 2017For the Year Ended October 31, 2017 | ||
Debit | Credit |
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