Question
Your company began operations on the first day of the current month. Journal entries for the first month follow: Account Debit Credit Cash 132,000 Common
Your company began operations on the first day of the current month. Journal entries for the first month follow: Account Debit Credit Cash 132,000 Common stock 132,000 Land 83,600 Equipment 48,400 Accounts payable 22,000 Cash 110,000 Accounts receivable 184,800 Service revenue 184,800 Cash 105,600 4 {:[" Accounts "],[" receivable "]:} 105,600 Supplies 13,200 Cash 13,200 Cash 17,600 Unearned fees 17,600 Dividends 13,200 Cash 13,200 Salaries expense 105,600 Cash 105,600 Rent expense 26,400 Cash 26,400 {:[" Utilities expense "],[" Cash "]:} 8,800 8,800 Cash 30,800 Rent revenue 30,800 Required: Post the transactions to the T-accounts. Prepare the trial balance. Navigation: Use the Open Excel in New Tab button to launch this question. When finished in Excel, use
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