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Question 1 : Use provided information to prepare [A] General Journal. [B] T-Account, [C] Prepare Adjusted Trial Balance --------------------------------------------------------------------------------------------------------------------- [A] Prepare General Journal Company provided
Question 1 : Use provided information to prepare [A] General Journal. [B] T-Account, [C] Prepare Adjusted Trial Balance
--------------------------------------------------------------------------------------------------------------------- [A] Prepare General Journal
- Company provided services $3,000 in cash
- Owner invested $1,000 in cash
- Company purchased office supplies $650 on account
- Company paid rent expense $5,000, Salary salaries expenses $1,500, Insurance Expenses $450
- Company sold inventory $600 on account
B] Prepare T-Account and Normal balance from the Table above
c)
UNADJUSTED TRIAL BALANCE
| Debit | Credit |
Cash
|
|
|
Account Receivable
|
|
|
Inventory
|
|
|
Office Supplies
|
|
|
Account Payable
|
|
|
Owner investment
|
|
|
Service
|
|
|
Rent expenses
|
|
|
Salary expenses
|
|
|
Insurance expenses |
|
|
TOTAL |
|
|
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