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The trial balance of Howard Service Center as of February 29, 2016, follows: (Click the icon to view the February trial balance.) During March, the
The trial balance of Howard Service Center as of February 29, 2016, follows: (Click the icon to view the February trial balance.) During March, the business engaged in the following transactions: (Click the icon to view the transactions.) Read the requirements. Requirement 3. Prepare the trial balance of Howard Service Center as of March 31, 2016. Review the ledger accounts you prepared in Requirement 2. Howard Service Center More Info Account Title Total Trial Balance March 31, 2016 Balance Mar. Debit Credit i Data Table 2 Borrowed $54,000 from the bank and signed a note payable in the name of the business. 4 Paid cash of $24,000 to acquire land. 9 Performed services for a customer and received cash of $4,000. 13 Purchased office supplies on account, $400. 15 Performed services for a customer on account, $3,700. 18 Paid $800 on account. 21 Paid the following cash expenses: salaries, $2,300; rent, $2,000; and interest, $100. 25 Received $2,800 from a customer on account. 27 Received a $350 utility bill that will be paid next month. 29 Received $2,400 for services to be performed next month. 30 Howard withdrew cash of $1,800. Print Done February 29, 2016 Balance Account Title Debit Credit Cash $ 23,400 Accounts Receivable 5,200 Office Supplies Accounts Payable Land Utilities Payable Unearned Revenue 0 $ 2,200 0 0 Notes Payable 0 Howard, Capital 19,000 Howard, Withdrawals 0 Service Revenue 11,000 Salaries Expense 1,500 Rent Expense 1,900 Interest Expense 0 200 Utilities Expense $ 32,200 $ 32,200 Total Choose from any list or enter any number in the input fields and then continue to the next question. Print Done X
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