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The transactions for Merrimount, Inc., for the month of May 2018 are posted in the following T-accounts: Click the icon to view the T-accounts.) Read
The transactions for Merrimount, Inc., for the month of May 2018 are posted in the following T-accounts: Click the icon to view the T-accounts.) Read the requirements. Requirement 1. Calculate account balances at May 31, 2018. Cash 111 Equipment 115 Service revenue 411 May 1 85,000 May 2 1,300 May 4 14,500 May 6 9,000 6 9,000 4 14,500 26 5,500 17 5,000 23 1,500 9 100 Bal Bal 15 1,000 26 5,500 Accounts payable 211 Salaries expense 512 28 320 May 9 100 May 3 400 May 15 1,000 29 1,100 Bal 29 1,100 Bal Bal Common stock 311 Accounts receivable 112 May 1 85,000 Rent expense 504 May 17 5,000 May 23 1,500 Bal May 2 1,300 Bal Bal The transactions for Merrimount, Inc., for the month of May 2018 are posted in the following T-accounts: Click the icon to view the T-accounts.) Read the requirements. Supplies 113 Utilities expense 530 May 3 400 May 28 320 Bal Bal Requirement 2. Prepare the trial balance for Merrimount, Inc., at May 31, 2018. Merrimount, Inc. Trial Balance May 31, 2018 Account Debit Credit ble Cash 111 115 Service revenue 411 Equipment 14,500 May 1 85,000 May 2 1,300 May 4 May 6 9,000 6 9,000 4 14,500 26 5,500 17 5,000 23 1,500 9 100 Bal Bal 15 1,000 26 5,500 Accounts payable 211 Salaries expense 512 28 320 May 9 100 May 3 400 May 15 1,000 29 1,100 Bal 29 1,100 Bal Bal Common stock 311 Accounts receivable 112 May 1 85,000 Rent expense 504 May 17 5,000 May 23 1,500 Bal May 2 1,300 Bal Bal Supplies 113 Utilities expense 530 Ma.no Duit
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