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Please create an unadjusted trial balance with the data from the first 6 photos. thank you. Chapter 2-Instruction #2 The following transactions were completed by
Please create an unadjusted trial balance with the data from the first 6 photos. thank you.
Chapter 2-Instruction #2 The following transactions were completed by PS Music during July, the second month of the business's operations: Analyze and journalize each transaction in the two-column journal below, Include Posting References, using the account numbers in your spreadsheet. If an amount box does not require an entry, leave it blank July 1: Peyton Smith made an additional investment in PS Music in exchange for common stock by depositing $5,000 in PS Music's checking account. Account Post. Ref Debit Credit Cash v 5,000V Common Stock V 31 V 5,000 v uly 1: Instead of continuing to share office space with a local real estate agency, Peyton decided to rent office space near a local music store. Paid rent for July, $1,750. Account Post. Ref Debit Credit Office Rent Exp 51 1,750 Cash v 11 V 1,750 July 1: Paid a premium of $2,700 for a comprehensive insurance policy covering liability, theft, and fire. The policy covers a one-year period. Account Post. Ref Debit Credit Prepaid Insurance 15 V 2,700 v Cash v 2,700 July 2: Received $1,000 on account. Account Post. Retf Debit Credit Cash v 1,000 Accounts Receivable v 12 1,000 July 3: On behalf of PS Music, Peyton signed a contract with a local radio station, KXMD, to provide guest spots for the next three months. The contract requires PS Music to provide a guest disc jockey f Work 0 more Check My Work uses remainingStep by Step Solution
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