Question
Table 2-3 On February 1, 2019 Kate Dodson began operating a clinic counselling youth called Kate Dodson Counselling Services. Her February transactions are listed below:
Table 2-3
On February 1, 2019 Kate Dodson began operating a clinic counselling youth called Kate Dodson Counselling Services. Her February transactions are listed below:
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| 1 | Kate invested $20,000 cash, Office Furniture and an Office Building with a Fair Market Value |
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| of $5,000 and $90,000 respectively. |
| 3 | Provided counseling services to clients on account, $1,000. |
| 6 | Purchased office supplies on credit, $400. |
| 7 | Received $2,200 cash for counselling services. |
| 10
| Kate signed a contract with the province to provide counseling services to local schools for $3,000 per month beginning in March. |
| 15 | Paid salary to assistant $950. |
| 16 | Received the February telephone bill, $100 due on March 16. |
| 21 | Received $800 from clients for payment on account. |
| 22 | Paid $300 for the office supplies purchased on February 6. |
| 28 | Paid salary to assistant $950. |
| 28 | Paid the February utility bill, $380 |
2)
Record the February transactions from table 2-3 in the general journal.
3) Post the journal entries from question 2 to T-accounts and calculate the balance of each account.
4) Prepare a trial balance from the t-accounts in question 3 dated February 28, 2019.
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