NEED HELP WITH T-ACCOUNTS AND TRIAL BALANCE
Transaction Analysis and Trial Balance Make T-accounts for the following accounts that appear in the general ledger of Mead Pet Hospital owned by R. Mead, a veterinarian Cash, Accounts Receivable, Supplies: Office Equipment Accounts Payable; Common Stock Dividends: Professional Fees Earned; Salaries Expense; and Rent Expense. Using the accounting equation, record each of the transactions in columnar format. Prepare journal entries and record the following December transactions in the T- accounts and key all entries with the number identifying the transaction. Finally, determine the balance in each account and prepare a trial balance as of December 31. Dec 1 Mead opened a checking account on December at United Bank in the name of Mead Pet Hospital and deposited cash Mead received common stock for investment 1000 2 Paid office rent for December 3 Purchased office equipment on account 1200 4 Purchased supplies for cash 2.000 5 Billed clients for services rendered 6 Paid secretary's salary 2250 7 Paid on account for equipment purchased on Dec 3 1 800 8 Collected from clients previously bled for services 6.100 9 The company paid stockholders a cash dividend. 2.500 1400 Accounting Template Journal Entries Accounts Trial Balance 8 Collected from clients previously billed for services 9 The company paid stockholders a cash dividend. 6,100 2,500 Accounting Template Journal Entries T-Accounts Trial Balance 3,200 Note: Use a negative sign with your answers below, when appropriate. Cash + Accounts Receivable Supplies - Office Equipment - Accounts Payable . Common Stock Retained Earnings 1$ 23,000 $ 23,000 (1,400) (1,400) 3.200 (2,000) 2,000 7,600 7.600 (2,250) (2,250) (1.800) (1.800) 6,100 (6,100) (2,500) (2,500) 19,150 + $ 1,500 + $ 2,000 + $ 3,200 - 5 1,400 + $ 23,000 + $ 1,450 OOOO OOOOOO Business Course #Return to course Debit Credit 23000 0 23000 1400 0 0 1400 3200 0 0 3200 2000 0 2000 General Journal Description (1) Cash Common Stock To record issuance of common stock (2) Rent Expense Cash To record payment of rent expense. (3) Office Equipment Accounts Payable To record purchase of office equipment on account. Supplies Cash To record purchase of supplies. (5) Accounts Receivable Salaries Expense To record professional fees billing. (6) Salaries Expense Cash To record payment of salaries expense. (7) Accounts Payable Cash To record payment on office equipment. (8) Cash Accounts Receivable Type here to search 7600 0 7600 0 2250 0 2250 1800 0 1800 6100 0 61100 ote 2250 0 2250 1800 1800 To record professional Tees Ung. (6) Salaries Expense Cash To record payment of salaries expense. (7) Accounts Payable Cash To record payment on office equipment. (8) Cash Accounts Receivable To record receipt of cash from customers. (9) Dividends Cash To record cash payment of dividends. 6100 6100 2500 0 2500 Please answer all parts of the question. Check Type here to search o Biel E DLISTICOSCULIS Cash Accounts Receivable Office Equipment Bal 0 Bal Supplies 4) Bal 0 0 Bay Accounts Payable Common Stock Dividends (3) (9) Bal Bal Bal Professional Fees Earned (5) Salaries Expense Rent Expense (6) Type here to search SUS TRIAL BALANCE MEAD PET HOSPITAL Trial Balance December 31 Debit Credit Cash Accounts Receivable Supplies Office Equipment Accounts Payable Common Stock Dividends Professional Fees Earned Salaries Expense Rent Expense Totals OOOOOOOOOOO ooooooooooo Please answer all parts of the question. Check Previous Save Answers Type here to search O
