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Q - 2 Helen Ingersoll owns and operates an interior design studio called Ingersoll Interiors. The following amounts summarize the financial position of her business
Q Helen Ingersoll owns and operates an interior design studio called Ingersoll Interiors. The following
amounts summarize the financial position of her business on August :
During September the following events occurred.
a Ingersoll inherited $ and deposited the cash in the business bank account.
b Performed services for a client and received cash of $
c Paid off the beginning balance of accounts payable.
d Purchased supplies on account, $
e Collected cash from a customer on account, $
f Invested personal cash of $ in the business.
g Consulted on the interior design of a major office building and billed the client for services
rendered, $
h Recorded the following business Expenses for the month:
i Paid office rent, $
j Paid advertising, $
k Sold supplies to another business for $ cash, which was the cost of the supplies.
l Withdrew cash of $ for personal use.
Required
Prepare General Journal entries of above transactions.
Prepare General Ledger.
Prepare Trial Balance for the month ended September
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