Prepare the journal entries during the month of February. (Skip the descriptions) Prepare the 2/28 Trial Balance. Anderson's Donuts Trial Balance 1/31/2021 Account Title Debit
- Prepare the journal entries during the month of February. (Skip the descriptions)
- Prepare the 2/28 Trial Balance.
Anderson's Donuts
Trial Balance
1/31/2021
Account Title | Debit | Credit |
Cash | $ 21,500 |
|
Accounts Receivable | 5,000 |
|
supplies | - |
|
Land | - |
|
Accounts Payable |
| $ 2,100 |
Utilities Payable |
| - |
Unearned Revenue |
| - |
Notes Payable |
| - |
Common Stock |
| 19,850 |
dividends |
|
|
Service Revenue | - | 7,000 |
Salaries Expense | 500 |
|
Rent Expense | 1,600 |
|
Interest Expense | - |
|
Utilities Expense | 350 |
|
| $ 28,950 | $ 28,950 |
2/1/21: Paid $10,000 to acquire land.
Date | Accounts and Explanation | Debit | Credit |
2/3/21: Borrowed $35,000 from the bank and signed a note payable.
2/5/21: Sold donuts to customers and received cash of $3500.
2/10/21: Bought $650 of office supplies on account.
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
2/15/21: Sold $2,600 of donuts to customers on account.
2/15/21: Paid $1,000 to creditors on account.
2/20/21: Paid cash expenses of salaries, $2000, rent $1000, and interest $500
2/21/21: Received $1200 from a customer on account.
2/22/21: Received a utility bill that will be paid next month, $125.
2/26/21: Received $1,300 cash for services to be performed in March.
2/28/21: Cash dividends paid to owners of $1,100.
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
Date | Accounts and Explanation | Debit | Credit |
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