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57.100 Transaction Analysis and Trial Balance Pam Elark nwns Artsy Graphics, a fimm providing designs to acivertisers and market analys. Only the business gonerallenger shound
57.100 Transaction Analysis and Trial Balance Pam Elark nwns Artsy Graphics, a fimm providing designs to acivertisers and market analys. Only the business gonerallenger shound the following normal account balances: $5,000 Accounts Payable Accounts Receivable 10.200 Nctes Payable 4.200 Comron Stock 2.000 Retaired Farrings Teral Assets $13.500 Total Liabiities and Stockholders' Equity $13.500 The folowing transactions accurred during the march of luy: 1 Paruyrer, 3510. 2 Collected 57,100 un accent from customers. 3 Paid Stannisalmen die on the $3.500 naninterest-bearing note payahl 4 Biled customers for design services rencered on account, $19.100. 5 Rendered design services and collected from cash customers $1.200 6 Paid $1,400 acredcrsonerount. 7 Collected 5 12.750 un account for customers. & Paid callery Service for delivery of graphics to commercial firms, 3650 9 Paldjuy salanes $5.300. 10 Received invice foruya tsing expersa mn be paid in August SECO 11 Parc utilties for July $250. 12 Paid Stockholders a dividend of $2.000 cash 13 Received invnice to supplies and in to be paid in August, 52,260. 14 Purchased computer for $7.000 cast to be used in business starting next month Bered .. Secup accounts for the general ledger with July i balances and enter the beginning balances. Also provide the following accounts: Equipment Service Fees Earned; Rent Expense; Salaries Expenser Delivery expense: Advertising Expenser utilities Expense; Supplies Expense and Dividencs. Prepare journal entries listed transactions in the appropriate accounts. b. Prepare a cria balance as of July 21. Jous Entries arounts Trial Balance Accounts Receivable Equipment Notes Payable Pee Ral Rep RO 0 Bal 121 Balo --- Ocece Accounts Payable Common Stock Dividends Retained Earnings Bes0 Der Bal (11) 0 (6) (10) (131 0 123 Bal Service For Earned Rent Expense Salaries Eponse Delivery Expense Utilities Expense Supplies Expense Advertising Expense 101 00 Bal 0 0 Balo
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