Answered step by step
Verified Expert Solution
Question
1 Approved Answer
This is the trial balance of Sunland Company on September 30. SUNLAND COMPANY Trial Balance September 30, 2022 Debit Credit Cash $ 23,220 Accounts Receivable
This is the trial balance of Sunland Company on September 30. SUNLAND COMPANY Trial Balance September 30, 2022 Debit Credit Cash $ 23,220 Accounts Receivable 6,620 Supplies 4,850 Equipment 10,750 Accounts Payable $ 8,820 Unearned Service Revenue 3,850 Common Stock 19,020 Retained Earnings 13.750 $45,440 $45,440 The October transactions were as follows. Oct. 5 Received $1,360 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,700. 15 Paid employee salaries $1,230. 17 Performed $640 of services in exchange for cash. 20 Paid $1,820 to creditors for accounts payable due. 29 Paid a $270 cash dividend. 31 Paid utilities $450. Post to the ledger accounts. (Post entries in the order of information presented in the question.) Cash 10/1 Bal. 23,220 10/15 1230 V 10/20 1920 10/29 V 270 Accounts Receivable 10/1 Bal. 6.620 Supplies 10/1 Bal 4,850 Equipment 10/1 Bal 10.750 Accounts Payable 10/1 Bal. 8,820 Unearned Service Revenue 10/1 Bal. 3,850 V Common Stock 10/1 Bal. 19.020 Retained Earnings 10/1 13,750
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started