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Question 1. [Marks: 12.5] a) Selected transactions for Sophie's Dog Care are as follows during the month of March. [5] March 1 Performed services for
Question 1. [Marks: 12.5] a) Selected transactions for Sophie's Dog Care are as follows during the month of March. [5] March 1 Performed services for cash of $7500. 3 Performed services for $160 on account. 5 Paid monthly rent of $1,200. 8 Purchased equipment of $600. It paid 90 and the rest is on account. 12 Received cash from customers billed on March 3. 14 Paid salaries and wages to employees of $525. 24 Borrowed $1,500 from Grafton State Bank by signing a note. 31 Paid balance amount owed from equipment purchase on March 8. Instruction Prepare Journal for the transactions. (Omit Explanation) Open Ledger and show the transactions in ledger. (Three Column Format) b) [5] c) Prepare a trial balance from the ledger. [2.5]
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