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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

  1. Prepare the journal entries during the month of February. (Skip the descriptions)
  2. 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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