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Irvine, and Burnley actice Assignment Gradebook ORION Downloadable e Textbook 1101) nment TULL SCREEN PRINTER VERSION BACK NEXT: Problem 3-9A a-C Ivanhoe Inc.'s general ledger
Irvine, and Burnley actice Assignment Gradebook ORION Downloadable e Textbook 1101) nment TULL SCREEN PRINTER VERSION BACK NEXT: Problem 3-9A a-C Ivanhoe Inc.'s general ledger at April 30, 2018, included the following: Cash $4,900; Supplies 5600; Equipment $24,300; Accounts Payable $2,000: Unearned Revenue (from gift certificates) $1,100; Bank Loan Payable $9,800; Common Shares $5,400; and Retained Earnings $11,500. The following transactions occurred during May: May 1 Paid rent for the month of May, $900. 4 Paid $1,200 of the account payable outstanding at April 30. 7 Issued gift certificates for future services for $1,400 cash. 15 Received $2,000 from customers for services performed to date. 15 Paid $1,300 in salaries to employees. 17 Customers receiving services worth $800 used gift certificates in payment. 18 Pald the remaining accounts payable from April 30. 22 Purchased supplies of $800 on account. 24 Recelved a bill for advertising for $600. This bill is due on June 22, 25 Received and paid a utilities bill for $300. 28 Received $2,000 from customers for services performed. 29 Customers receiving services worth $500 used gift certificates in payment. 30 Interest of $50 was paid on the bank loan. Pald $1,400 in salaries to employees. 31 Paid income tax instalment for the month, $150. Eudy 2 Journalize the May transactions. (Credit account titles are automatically indented when the amount is entered. Do not indent mually. If no entry required, select "No Entry" for the account titles and enter o for the amounts. Record journal entries in the order presented in the problem.) e O e here to search 1101) FULL SCREEN PRINTER VERSION Using T accounts, enter the beginning balances in the general ledger as at April 30 and post the May journal entries to the general ledger (Post entries in the order presented in the problem.) Cash May 1 4900 May 7 1400 May 15 2000 > > > > > > Supplies Supplies Equipment V Accounts Payable Y. V Unearned Revenue Unearned Revenue V Bank Loan Payable V V Common Shares V dy. V Retained Earnings IN -4 > > Salaries Expense Study Rent Expense Advertising Expense Advertising Expense V Utilities Expense > V Interest Expense V Income Tax Expense V V Prepare a trial balance as at May 31. IVANHOE INC. Trial Balance Debit Credit $ $
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