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I need help with Trial balance. I did mines inccorectly. The transactlons of the Make it Quick Delivery Service are recorded in the general journal
I need help with Trial balance. I did mines inccorectly.
The transactlons of the Make it Quick Delivery Service are recorded in the general journal below. You are to post the journal entries to the accounts in the general ledger. After all entries have been posted, you are to prepare a trial balance on the form provided Date Account Titles and Explanation Deb Credit 2003 Sept. 1 Cash Common Stock 25,000 (Stockholders invested cash in business) 25,000 4 Delivery Trucks 40,000 Cash Notes Payable 15,000 25,000 (Paid cash and issued 2-year, 6%, note for delivery trucks) 8 Rent Expense 1,000 Cash 1,000 (Paid September rent) 15 Prepaid Insurance 1,400 Cash 1,400 (Paid one-year liability insurance) 18 Cash 2,500 Service Revenue 2,500 (Recelved cash for delivery services) 20 Salaries Expense 500 Cash 500 (Paid salaries for current period) 100 25 Ultility Expense 100 Accounts Payable (Received a bill for September utilities) : 750 30 Dividends Cash 750 (Paid dividends) 1,000 30 Accounts Receivable 1,000 Service Revenue (Billed customer for delivery service)Step by Step Solution
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