QUESTION 1

Trial Balance

Saxon Company provides the following account balances as of July 31:

Accounts Payable	Sh12,445
Accounts Receivable	12,300
Buildings	99,840
Cash	33,200
Common Stock	15,000
Dividends	4,000
Notes Payable	33,000
Salaries Expense	45,205
Retained Earnings	45,700
Service Revenue	49,700
Supplies	6,980

Required

Prepare a trial balance as of July 31.

Question 2

The general ledger for King Consulting contains the following accounts:

Cash					Accounts Receivable
23,500	7,200				14,200		13,000
13,000	10,500				19,300		15,000
15,000	1,000				5,500
32,800
Salaries Expense					Accounts Payable
10,500					7,200	8,100
10,500						900
Service Revenue					Supplies
		14,200			8,100
		19,300
		33,500			8,100
Dividends					Common Stock
1,000						23,500
1,000						23,500

Required

Recreate the nine journal entries that resulted in Kings ledger balances.