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TB Problem 3-219 (Algo) Geo Incorporated had the following... Geo, Incorporated had the following account balances on January 1, Year 2: During January, Year 2,
TB Problem 3-219 (Algo) Geo Incorporated had the following... Geo, Incorporated had the following account balances on January 1, Year 2: During January, Year 2, Geo entered into the following transactions: A. Paid $741 on account for utilities that were used during December, Year 1. B. Purchased $463 of supplies for cash. C. Signed a rental agreement for office space and paid $3,540 in advance for six months of rent beginning February 1 , Year 2. D. Purchased $15,400 of new equipment, signing a promissory note. E. Provided $26,600 of services. $17,400 was received in cash and $9,200 was provided on credit. F. Paid workers $8,380 for work done in January. Journal entry worksheet 6 Record the entry to pay $741 on account for December's utilities. Note: Enter debits before credits. Post results to the relevant T-accounts. Compute the ending balance of each T-account. Be sure to enter beginning balances. \begin{tabular}{|l|l|l|l|} \hline \multicolumn{3}{|c|}{ Notes Payable } \\ \hline \multicolumn{2}{|c|}{ Debit } & \multicolumn{2}{|c|}{ Credit } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & 0 & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline \multicolumn{2}{|c|}{ Common Stock } \\ \hline Beginning Balance & & & \\ \hline & & & \\ \hline & & & \\ \hline & & & \\ \hline Ending Balance & & & \\ \hline Debit & & \\ \hline Beginning Balance & & \\ \hline & & \\ \hline & & \\ \hline Ending Balance & & \\ \hline & & \\ \hline \end{tabular}
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