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Required information [The following information applies to the questions displayed below.) The accounts and balances for Babysitting Co. on June 1 are provided below. Cash
Required information [The following information applies to the questions displayed below.) The accounts and balances for Babysitting Co. on June 1 are provided below. Cash Accounts receivable office equipment Supplies Accounts payable Kelly Connor, Capital Kelly Connor, Drawing 8,200 Fees income 1,300 Rent expense 4,100 Utilities expense 700 Salaries expense 3,100 11,200 -0- -0- The following transactions occurred during the month of June. a. Collected $400 from credit customers. b. Issued a check for $900 for November's rent. c. Paid $2,200 for salaries. d. The owner withdrew $200 in cash for personal expenses e. Issued a check for $300 to pay the monthly utility bill f. Received $2,000 in cash for services performed 9. Purchased office equipment for $1,500 on credit Using the information shown, prepare a trial balance for Babysitting Co. at June 30, 20X1. (The items in the Trial Balance should be grouped as follows: Assets and Liabilities (in order of their liquidity). Equity, Revenues, and Expenses.) BABYSITTING CO. Trial Balance June 30, 20X1 ACCOUNT NAME DEBIT CREDIT Cash Accounts receivable 700 Office equipment Supplies Accounts payable Kelly Connor, Capital Kelly Connor, Drawing Fees income Rent expense Utilities expense Salaries expense Total $ 700 $ 0
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