Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

need help! Date Account Titles and Explanation Debit Credit (Issued stock for cash) (Received cash for services provided) (Issued note payable for cash) (Received cash

image text in transcribedimage text in transcribedneed help!

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Date Account Titles and Explanation Debit Credit (Issued stock for cash) (Received cash for services provided) (Issued note payable for cash) (Received cash in payment of account) ( ) (Billed clients for services provided) Here is the ledger for Ivanhoe Company. Cash Oct. 1 8,430 Oct. 4 1,830 Oct. 10 2,410 Oct. 12 Oct. 109,430 Oct. 15 Oct. 20 800 Oct. 30 Oct. 25 3,430 Oct. 31 2,930 350 400 600 Accounts Receivable 800 Oct. 6 Oct. 20 900 Oct. 20 1,020 Supplies Oct. 4 1,830 Oct. 31 1,610 Equipment 4,430 Oct. 3 Notes Payable Oct. 10 9,430 Accounts Payable 4,430 Oct. 12 2,930 Oct. 3 Common Stock Oct. 1 Oct. 25 8,430 3,430 Dividends Oct. 30 400 Service Revenue Oct. 6 900 Oct. 10 Oct. 20 2,410 1,020 Salaries and Wages Expense Oct. 31 600 Supplies Expense Oct. 31 1,610 Rent Expense Oct. 15 350 (b) Prepare a trial balance at October 31, 2022. IVANHOE COMPANY Trial Balance Debit Credit $ " Date Account Titles and Explanation Debit Credit (Issued stock for cash) (Received cash for services provided) (Issued note payable for cash) (Received cash in payment of account) ( ) (Billed clients for services provided) Here is the ledger for Ivanhoe Company. Cash Oct. 1 8,430 Oct. 4 1,830 Oct. 10 2,410 Oct. 12 Oct. 109,430 Oct. 15 Oct. 20 800 Oct. 30 Oct. 25 3,430 Oct. 31 2,930 350 400 600 Accounts Receivable 800 Oct. 6 Oct. 20 900 Oct. 20 1,020 Supplies Oct. 4 1,830 Oct. 31 1,610 Equipment 4,430 Oct. 3 Notes Payable Oct. 10 9,430 Accounts Payable 4,430 Oct. 12 2,930 Oct. 3 Common Stock Oct. 1 Oct. 25 8,430 3,430 Dividends Oct. 30 400 Service Revenue Oct. 6 900 Oct. 10 Oct. 20 2,410 1,020 Salaries and Wages Expense Oct. 31 600 Supplies Expense Oct. 31 1,610 Rent Expense Oct. 15 350 (b) Prepare a trial balance at October 31, 2022. IVANHOE COMPANY Trial Balance Debit Credit $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Find the critical z for a level 90.38 % confidence interval.

Answered: 1 week ago