The following amounts summarize the financial position of Rodriguez Computing, Inc., on September 30, 2016:

During October 2016, Rodriguez Computing completed these transactions:

a. The business received cash of $3,800 and issued common stock.

Requirements

1. Journalize the October transactions of Rodriguez Computing, Inc. Explanations are not required.
2. Prepare T-Accounts for each account. Insert in each T-account its September 30 balance as given (example: Cash $2,200). Then, post the October transactions to the T-accounts.
3. Compute the balance in each account.

Transcribed Image Text:

Assets Liabilities Retained Cash+ ReceivableSupplies +EquipmentPayable StockEarnings Accounts Accounts Common a 2,200 3,600 12,000 7,700 6,200 3,900