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Trail Balance i need to complete the trial balance with the info from the first picture Transaction Analysis and Trial Balance Pam Brown owns Art
Trail Balance
i need to complete the trial balance with the info from the first picture
Transaction Analysis and Trial Balance Pam Brown owns Art Graphics, a firm providing designs for advertisers and market analysts. On July 1, the business's general ledger showed the following normal account balances: Cash $9,200 Accounts Payable $2,800 Accounts Receivable 10,500 Notes Payable 5.700 Common Stock 2,000 Retained Earnings 9,200 Total Assets 319,700 Total Liabilities and Stockholders' Equity $19,700 The following transactions occurred during the month of July: July 1 Paid July rent, $1,370. 2 Collected $7,800 on account from customers. 3 Paid $3,200 installment due on the 55,700 noninterest bearing note payable 4 Billed customers for design services rendered on account, 517.250. Rendered design services and collected from cash customers, $1,900 6 Paid $2.100 to creditors on account. 7 Collected $13.450 on account from customers. 8 Paid a delivery service for delivery of graphics to commercial firms, $1,100 9 Paid july salaries, 55,300. 10 Received invoice for July advertising expense, to be paid in August $1,300 11 Paid utilities for July $1,050. 12 Paid stockholders a dividend of $2,700 cash. 13 Received invoice for supplies used in July, to be paid in August, $2,960, 14 Purchased computer for $5,000 cash to be used in business starting next month My Subscriptions Jorge Gonzalez Required a. Set up accounts for the general ledger with July 1 balances and enter the beginning balances. Also provide the following accounts: Equipment Service Fees Earned; Rent Expense; Salaries Expense; Delivery Expense; Advertising Expense; Utilities Expense; Supplies Expense; and Dividends. Prepare journal entries and record the listed transactions in the appropriate T-accounts. b. Prepare a trial balance as of July 31, Journal Entries T-Accounts Trial Balance ART GRAPHICS Trial Balance July 31 Debit Credit Cash $ os 0 Accounts Receivable 0 0 Equipment 0 0 Accounts Payable 0 0 Notes Payable 0 0 Common Stock 0 0 Retained Earnings 0 0 Dividends D 0 Service Fees Earned 0 0 Rent Expense 0 0 Salaries Expense 0 0 Delivery Expense 0 0 Advertising Expense 0 0 Utilities Expense 0 0 Supplies Expense 0 0 Totals $ 0$ 0 Please answer all parts of the question Previous Save Answers Finish attempt Step by Step Solution
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