Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please do it quickly. there are 2 different questions. The Sunland Corporation had the following opening trial balance at the beginning of its fiscal year,

please do it quickly. there are 2 different questions.

image text in transcribed

image text in transcribed

image text in transcribed

The Sunland Corporation had the following opening trial balance at the beginning of its fiscal year, July 1, 2022 Debit Credit Cash $ 4,000 6,000 Accounts receivable Supplies 1120 Equipment 13800 $ 5.750 2.400 Accumulated depreciation equipment Deferred revenue Common shares Retained camino 4,500 12.230 Totals $ 24,920 $24.920 During the month of July, the following selected transactions took place July 2 7 Paid $1,570 for two months rent in advance for July and August Purchased 5210 of supplies on account. Collected half of outstanding accounts receivable, Borrowed $1.000 from the bank for one year at an interest rate of 5 14 15 21 Received $1.020 cash from a customer for services to be performed in August 28 Performed $1.550 of services to a customer on account Question 3 of 5 > -18 21 Need 51,030 cash from customer for her to be performed Performed 51.550 of services to customer count Additional information 1 2 3 4 ANYOL, the company had performed 500 of service for sent that the mothercare Recorded rent expers for the north Supersonin 3 were 550 The momentele de con Were a due on the bank can on the first owochowing month being Asathy L, the company wed $2.990 of salaries to removes for the most ended Asat 31. the company had earned $1.050 orada 5 7 (al Record the way to correnbested in the credit Creditorum Indented when the mounted to me Entry for the end for the amounts) Date Account Tales and Explanation Dela C *** ho Question of > View Current Amen Out Dent 12 110.000 GO Mamiyer 16.000 Wh 573000 26.000 De 000 31000 90.000 CE 000 70.000 CODE 500 BOOT 1.000 But the day o hp

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Volume 2

Authors: Kin Lo, George Fisher

3rd Edition

0133865959, 978-0133865950

More Books

Students also viewed these Accounting questions