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Prepare a trial balance and do the same format as the question On Auust 1, 2025, the following ware the account balances of Swifty Repair
Prepare a trial balance and do the same format as the question
On Auust 1, 2025, the following ware the account balances of Swifty Repair Sarvices During August, tha following summary transactions ware comp/ated. Aug.1 Paid S470 cash for advertising in lacal newspapers. Advertising flyers will be ineluded with newspapars delivered during August and Septamber. 3 Paid Bunustrant $450. 5 R.acaivad $1,420 cash from customars in paymant of account 10 Paid $3,690 for salariss dus amployses, of which $2,000 is for Auzust and $1,690 is for July salarias payable. 12. Receivad $3,300 cash for servicas parformad in Auqust. 15 Purchased store aquipmant an accaunt $2,360. 20 Paid craditors $2,360 of accounts payable due. 22 Purchased supplies an account $940. 25 Paid 53,420 cash for employses' salarias. 27 Billad eustomars $4,440 for sarvicas parformad. 29 Recaived 5920 from custamars for sarvices to be performad in the future. Adustmant data: 1. Acount shows supplies an hand of $1,130. 2. Accrued but unpaid amployzes' salarias are $1,820. 3. Depraciation on squigment for the manth is $390. 4. Services wera performed to satisfy S940 of unaarnad senvice reventa. 5. One month's warth of advertising services has baen racaived. 6. Ons month of intarsst revanue relatad to tha $4,800 note receivabla has aceruad. The 4 -month note has a 6%6 annual intarsstrate. Swifty's chart of a ceounts includes Prapaid Advartising, Interast Recaivable, Sarvica Ravenua, Interast Revanus, Advartising Expens: Depraciation Exparse, Supplies Expsrse, Salariess and Wages Expense, and Rent Exparse. Prapare a trial balance at August 31, Do not Pat those accounts that hove zero ending bolanceStep by Step Solution
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