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Problem 2 - 4 A Preparing general journal entries LO 3 , 5 Abe Factor opened a new accounting practice called X - Factor Accounting
Problem A Preparing general journal entries LO
Abe Factor opened a new accounting practice called XFactor Accounting and completed these activities during March :RequiredPrepare journal entries to record the transactions.Problem A Posting, preparing a trial balance LOCHECK FIGURE: Total Dr$RequiredUsing the journal entries prepared in Problem A complete the following:
Set up the following accounts use the balance column format or Taccounts: Cash ; Accounts Receivable ; Office Supplies : Prepaid Insurance ; Prepaid Rent : Office Equipment ; Accounts Payable ; Abe Factor, Capital ; Abe Factor, Withdrawals ; Accounting Revenue ; and Utilities Expense
Post the entries to the accounts and enter the balance after each posting.
Prepare a trial balance as of the end of the month.
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