Sandhill Inc.'s general ledger at April 30, 2018, included the following: Cash $4,800; Supplies $500; Equipment $24,100; Accounts Payable $2,400; Unearned Revenue (from gift certificates) $900; Bank Loan Payable $9,000; Common Shares $5,300; and Retained Earnings $11,800. The following transactions occurred during May:
May
1
Paid rent for the month of May, $1,000.
4Paid $1,100 of the account payable outstanding at April 30.
7
Issued gift certificates for future services for $1,500 cash.15Received $2,000 from customers for services performed to date.
15Paid $1,200 in salaries to employees.
17
Customers receiving services worth $800 used gift certificates in payment.
18
Paid the remaining accounts payable from April 30.
22
Purchased supplies of $800 on account.24
Received a bill for advertising for $500. This bill is due on June 22.
25
Received and paid a utilities bill for $500.28
Received $2,300 from customers for services performed.
29Customers receiving services worth $700 used gift certificates in payment.
30Interest of $50 was paid on the bank loan.
31Paid $1,300 in salaries to employees.
31
Paid income tax instalment for the month, $150.
Print Assignment Assignment One :rtme r Microsoft Edge X El httpSI/ledugen.wileyplus.com/edugen/shared/assignment/test/ag print.uni?n um berQuest:true&tltleType:true Question 1 Sandhill Inc's general ledger at April 30, 2015, included the following: Cash $4,500; Supplies $500; Equipment $24,100,- Accounts Payable $2,400; Unearned Revenue (from gift certicates) $900; Bank Loan Payable $9,000; Common Shares $5,300; and Retained Earnings $11,500. The following transactions occurred during May: May 1 Paid rent for the month of May, $1,000. 4 Paid $1,100 of the account payable outstanding at April 30. 7 Issued gift certificates for future services for $1,500 cash. 15 Received $2,000 from customers for servlces performed to date. 15 Paid $1,200 in salaries to employees. 17 Customers receiving ServlCeS worth $800 used gift certificates ln payment. 15 Paid the remaining accounts payable from April 30. 22 Purchased supplies of $300 on acccunt. 24 Received a bill for advertising for $500. This bill is due on June 22. 25 Received and paid a utilities bill for $500. 28 Received $2,300 from customers for services performed. 29 Customers receiving services worth $700 used gift certificates ln payment. 30 Interest of $50 was paid on the bank loan. 31 Paid $1,300 in salaries to employees. 31 Paid income tax instalment for the month, $150. Juuriiallze the May transactlons. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, Select "No Entry" for the account titles and enter 0 for the amounts. Record journal entries in the order presented in the problem.) Date Anoount Tll'kS and Expla natinn Debit Credit (To record cash received from oistorners) V \fPrim Assignment Assignmen: One tillIIe a Microsoft Edge GI X El httpsifledugemwlleyplus.com/edugsn/shared/assignment/test/ag plintunn um berQuest:true&tlkleType:tme Uslng 1 accounts, enter the beglnning balances .n the general ledger as at Aprll 3n and post the May Journal entrles to the general ledger. (post entries in the order presented in the problem.) Cash Supplles Equipment 1H Accnunts Payable r _l_l,__ unearned Revenue Prim Assignment: Assignment One :mue , Micmso Edge 3 xi E| hnpsi/ledugen.wi[eyplus.com/edugen/shared/assignment/test/ag plint.uni?n um berQuest:true&tik\\eType:true Unearned Revenue A Bank Loan Payable Commnn Shares Retained Ealnings Service Ileve nlle Salariec Expense Rent Expense 4 2!] l 8/1/27 EPEMJ 5: Prim Assignment Assignment One :rlme r Microsoft Edge X El httpSI/ledugemwheyplus.com/edugsn/shared/assignment/test/ag plintunn um berQuest:true&tMeType:tme Rent Bpense g Expense Expense Interest Expense Income '[ax Expense Prepare a trial balance as at May 31. SAN DHILL INC. Irial Balance Mil Credit Prim Assignment Assignment One :rlme 7 Microsoft Edge X El hnpSI/ledugenmheypluscam/edugen/shared/assignment/test/agplintunnumberQuest:true&tMeType:tme || |ll|| || A Prepare a trial balance as at May 31. SAN DHILL INC. Irial Balance Debit Credit Tuta Is 1
