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Please help me PREPARE TRIAL BALANCE from the following Problem 2 Preparing and posting journal entries, preparing a trial balance C3 C4 Al P1 P2
Please help me PREPARE TRIAL BALANCE from the following
Problem 2 Preparing and posting journal entries, preparing a trial balance C3 C4 Al P1 P2 Zucker Management Services opened for business and completed these transactions in November. Nov. Matt Zucker, the owner, invested S30.000 cash along with S15.000 of office equipment in the company in exchange for common stock. 2 The company prepaid $4,500 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for S4,500.) 4 The company made credit purchases of office equipment for $2,500 and of office supplies for S600. Payment is due within 10 days 8 The company completed work for a client and immediately received S3.400 cash. 12 The company completed a $10,200 project for a client, who must pay within 30 days. 13 The company paid $3,100 cash to settle the payable created on November 4 19 The company paid $1,800 cash for the premium on a 24-month insurance policy 22 The company received SS,200 cash as partial payment for the work completed on November 12. 24 The company completed work for another client for $1,750 on credit. 28 The company paid $5,300 cash in dividends. 29 The company purchased $249 of additional office supplies on credit 30 The company paid $831 cash for this month's utility bill Required 1. Prepare general journal entries to record thesc transactions use account titles listed in part 2) 2. Open the following ledger accounts-their account numbers are in parentheses (use the balance column format): Cash (101): Accounts Receivable (106), Office Supplies (124): Prepaid Insurance (128); Prepaid Rent (131): Office Equipment (163): Accounts Payable (201): Common Stock (307): Dividends (319): Services Revenue (403); and Utilities Expense (690). Post the journal entries from part 1 to the ledger accounts and enter the balance after cach posting Cheek CEnding balancee: Cach, $23,069, Account Receivsble, 56,750; Accounts Paysble, 5249 3. Prepare a trial balance as of the end of November. (3) Total debits, $50,599
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