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The following selected transactions were completed during Marth of the current year: 1. Bied ontomers for fees eamed, $62,830. 2. Purchased supplies on account, $2,700.
The following selected transactions were completed during Marth of the current year: 1. Bied ontomers for fees eamed, $62,830. 2. Purchased supplies on account, $2,700. 3. Received cath from customers on account, $59,060. 4 Ped creditors on account, $1,630 a. Journaline the transactions in a two-column journal, using the appropriate number to identify the transactions (1) (2) () (4) b. Post the entries prepared in (a) to the following 1 accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Eamed. To the left of each amount posted in the accounts, select the appropriate number to identify the transactions. Cash Accounts Payable Supplies Previous Next (4) b. Pest the entries prepared in (a) to the following T accounts: Cash, Supples, Accounts Recervable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate number to identify the transactions Cash Accounts Payable Supplies Fees Earned Accounts Receivable c. Assume that the unadjusted trial balance on March 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred Previous Next
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