Question
Open general ledger T-accounts for the following and enter the April 1 balances (account numbers are indicated in brackets): Cash, Accounts Receivable, Prepaid Rent, Unused
Open general ledger T-accounts for the following and enter the April 1 balances (account numbers are indicated in brackets): Cash, Accounts Receivable, Prepaid Rent, Unused Supplies, Accounts Payable, Share Capital, Dividends,Service Revenue, Advertizing Expense, Rent Expense, Salaries Expense, Supplies Expense, Telephone Expense, and Truck Operating Expense. Cash Accounts receivable Prepaid rent Unused supplies $1,400 3,600 1,000 350 Accounts payable Share capital $2,000 4,350 The following transactions occurred during April: a. Collected $2,000 cash owed by a customer b. Billed $3,000 to customers for tables rented to date c. Paid the following expenses: advertizing, $300; salaries, $2,000; telephone, $100 d. Paid half of the accounts payable owing at April 1st. e. Received a $500 bill for April truck repair expenses f. Collected $2,500 owed by a customer g. Billed $1,500 to customers for tables rented to date h. Transferred $500 of prepaid rent to rent expense i. Counted $200 of supplies on hand at April 30; recorded the amount used as an expense j. Paid a $100 dividend.
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