Question
Please create a trial balance for the following. 12/1 You paid the monthly office rent of $500 by issuing check #130. 12/1 Pest Away was
Please create a trial balance for the following.
12/1 You paid the monthly office rent of $500 by issuing check #130.
12/1 Pest Away was here for its bi-monthly service. You issued check #131for $35.
12/2 You make the third monthly payment to Pig E Banks by issuing check #132.
12/4 You purchase $100 of postage stamps and make payment from the petty cash account.
12/5 You issue check #133to Mandi Handi for the November payroll.
12/6 You paid your monthly payment of $165 to InsureMart by issuing check #134.
12/9 You received the following checks in the mail:
- Check #1212 from Igotta Troubles in the amount of $4,000
- Check #809 from Red Fische in the amount of $2,475
- Check #2569 from Cooking For You in the amount of $1485.
12/12You remitted payment to the U.S Treasury for the federal income taxes, FICA taxes and FUTA taxes related to the October payroll with check #135. In addition, you remitted payment to the Louisiana Department of Revenue with check #136for the state income taxes and SUTA taxes related to the October payroll.
12/15You send invoice #16 to Igotta Troubles for 10 hours of Hourly Accounting Services.
12/20Ima Payne is back and needs assistance filing Federal Tax Form 990 for her business. You perform this service and hand her invoice #17 in the amount of $500 for Tax Services. Ima pays you in cash.
12/22You receive a check in the amount of $5,000 from Igotta Troubles.
12/24You purchased gift cards from Eatin Moore Grocers, to give as Christmas gifts to your clients. Eatin Moore charged your account in the amount of $1000 and gave you the bill.
12/26Check #137was issued to Clean Machine in the amount of $100 for services rendered from 11/26-12/26.
12/30 You sent the following invoices, terms 1/10, net 30:
#18 to Igotta Troubles for 10 hours of Hourly Accounting Services
#19 to Red Fische for Monthly Accounting Services, and
#20 to Cooking For You for Monthly Accounting Services.
12/30You accrued interest on the Pig E. Bank note. Accrue interest based on the number of days in the month.
12/30You computed and accrued the payroll for December. In addition to paying the regular monthly salary to Mandi Handi, you also authorize a Christmas bonus of $500 for Mandi and $10,000 for yourself.
12/30You received monthly bills for the following:
Max Power Company - $170, terms n/30
WaterWorks #1 - $20, terms n/30
Great Coverage Cellular - $50, terms n/30
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