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please can you give a solution of my homework Read the questions carefully and answer accordingly. -The chart of accounts used by Ming Copy Company
please can you give a solution of my homework
Read the questions carefully and answer accordingly. -The chart of accounts used by Ming Copy Company is listed below. You have to indicate the proper accounts to be debited and credited for the following transactions by writing the account number(s) in the appropriate boxes. (5 Marks) CHART OF ACCOUNTS Cash 209 Unearned Service Revenue Accounts Receivable 311 Share Capital-Ordinary Supplies 332 Dividends Equipment 400 Service Revenue Note Payable 610 Advertising Expense Accounts Payable 729 Rent Expense 201 Numbers of Numbers of account(s) account(s) debited credited 101 311 . The company issues ordinary shares in exchange for 90,000,000 cash . Purchased three photocopy machines for 200,000,000, paying 50,000,000 cash and signing a 5-year, 10% note for the remainder -. Purchased Y5,000,000 supplies on credit - Cash photocopy revenue amounted to 47,000,000 Paid 500,000 cash for radio advertising - Paid $800,000 on account for supplies purchased in transaction 3 . The company paid dividends of 1,500,000 . Paid 1,200,000 cash for rent for the current month. Received 2,000,000 cash advance from a customer for future copying 0. Billed a customer for Y450,000 for photocopy work done 1. The transactions of Medina Information Service are recorded in the general journal below. You are to post the journal entries to the accounts in the general ledger. After a entries have been posted, you are to prepare a trial balance on the form provided. Prepare the following (15 Marks) a) Ledger Accounts c) Income Statement b) Trial Balance c)Balance SheetStep by Step Solution
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