Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Transactions using T accounts ONLY and Trial Balance FILL IN THE MINI TRIAL BALANCE WITH CORRECT BALANCES. FILL-IN THE 3 FINANCIAL STATEMENTS TOO. NOV 2

image text in transcribed
Transactions using T accounts ONLY and Trial Balance FILL IN THE MINI TRIAL BALANCE WITH CORRECT BALANCES. FILL-IN THE 3 FINANCIAL STATEMENTS TOO. NOV 2 Robert Dell invested $30,000 cash along with $15,000 of Office Equipment in the business. 2007 He named the business Dell Management Services. 4 Prepaid $4,500 cash for six months' rent for an office. (Hint: Debit Prepaid Rent for $4,500) 6 Made credit purchase of Office Supplies for $600. Payment is due in 30 days. 8 Made credit purchases of Office Equipment for $2,500. Signed a Note Payable for $2,500, Note has 11% interest and is due in 6 months. 10 Completed services for a client and immediately received $3,400 cash. 12 Completed a $5,200 project for a client, who must pay within 30 days. 14 Paid $600 cash to settle the account payable created on November 6. 16 Paid $1,800 cash for the premium on a 12-month insurance policy. 24 Received the cell phone bill for $200 from ACME Phone Co. Payable (due) in 30 days. 25 Received $5,200 cash as payment for the work completed on November 12. 26 Completed work for another client for $1,750 on credit. 27 Dell withdrew $5,300 cash for personal use. 28 Purchased $250 of additional office supplies on credit. 30 Paid $2,830 cash to employee for wages

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Decision Making and Control

Authors: Jerold Zimmerman

8th edition

78025745, 978-0078025747

Students also viewed these Accounting questions