Question
The following transactions occured during the month for Davis Repair services. A/ deposited $15,000 in a bank account. B/ paid the rent for current month
The following transactions occured during the month for Davis Repair services. A/ deposited $15,000 in a bank account. B/ paid the rent for current month $630 . C/ bought office desk $930 D/ bought office equipment $4300, paying $2500 in cash and placing the balance on account. E/ bought an electric sign on account $1200. F/ Davis invested her personal computer software worth $900 in the business. G/ received a bill for news paper advertising $126. H/ sold services for cash $755. I/ received and paid electric bill $158. J/ paid on account to business news a creditor $126. K/ sold services for cash $ 1035. L/ paid wages for an employee $742. M/ received and paid the bill for the city business licence $35. N/ Davis withdrew cash for personal use $550. O/ bought printer paper and stationery on account $86. Required: record each of the above transactions into T-accounts. Prepare the trial balance for Davis repair services at the end of February. Some of the correct numbers are; Davis trial balance $20,776. Cash $11,119 . Free company trial balance $36,400. Free company balance sheet, assets $22.300
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