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Instructions: Recoed these transactions in the general journal for Able Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a
Instructions: Recoed these transactions in the general journal for Able Advertising Inc. Then post your journal entries in the t-accounts provided and prepare a trial balance. You may want to refer to Part I of this project where you have already analyzed these transactions 81 You invested $16.000 infor common stock to start Able Adven Inc Purchased the face for $1500 cash 87 Purchased $7000 of office equipment by paying $3,000 in cash and signing a one year note payable for the rest 613 Purchased $3.000 of advertising suppl 813 A customer paid $0.000 advertising services performed today 817 Received a utility bil for $850 and paid in cash 8:20 Acer $4000 for services to be performed in the 823 Paid hart of the accounts payable from 8/10 825 Performed advertising services and charged the customer $8.000 account to be paid later 828 Received half the balance from the 25 customer in cash 831 Pad 53000 in dividends Date Account Cash Accounts Receivable Prepaid Insurance Advertising Supplies Equipment Accounts Payable Uneamed Revenue Notes Payable Common Stock Retained Earnings Dividends Advertising Revenue Utility Expense General Jounal PR Deb CH
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