Question

1.	Record each transaction in the journal using the following account​ titles: Cash; Accounts​ Receivable; Office​ Supplies; Prepaid​ Insurance; Land;​ Furniture; Accounts​ Payable; Utilities​ Payable; Unearned​ Revenue; Common​ Stock; Dividends; Service​ Revenue; Salaries​ Expense; Rent​ Expense; and Utilities Expense. Explanations are not required.
2.	​T-accounts have been opened for each of the accounts. Post the journal entries to the​ T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal.
3.	Prepare the trial balance of Doris Stanford,​Designer, as of September30 , 2018.

Sep. 1 4 6 7 Pai 10 14 15 17 20 25 28 29 30 30 30 30 Received $50,000 cash and issued common stock to Stanford. Purchased office supplies, $400, and furniture, $1,600, on account. Performed services for a law firm and received $1,800 cash. Paid $26,000 cash to acquire land to be used in operations. Performed services for a hotel and received its promise to pay the $1,700 within one week. Paid for the furniture purchased on September 4 on account. Paid assistant's semimonthly salary, $1,420. Received cash on account, $1,300. Prepared a design for a school on account, $950. Received $1,500 cash for design services to be performed in October. Received $2,400 cash for consulting with Plummer & Gordon. Paid $1,320 cash for a 12-month insurance policy starting on October 1. Paid assistant's semimonthly salary, $1,420. Paid monthly rent expense, $950. Received a bill for utilities, $450. The bill will be paid next month. Paid cash dividends of $4,000.

Answer 1

Journal Entries sepe 1. 50,000 50 000 Cash Ac - Common Stock Alc. . (To record cash received on issue of comman Stock) Або 1600 4. Office Supplies Ale Furniture Afc Accounts Payable Alc. (To record office supplies & furniture puocbased) 2000 6. 1800 1800. Cash _Ak Service Revenue Ale (To record cash received on service rendered) 26000 26000 Land Alc Cash Ac. (To record purchase of land). . 1700 1700 10 Accounts Receivables Alc Revenue Service Alc (To record service rendered on account)

16 DO Accounts Payable Al Cash Alc. (to record cash paid) 1600 . 15. 1420 Salary Expense Alc. - Cash Ac (To record salary Semimonthly) 1420 paid 17. 1300 Cash Alc Accounts Beceivables Ale (To record cash received on account) 1300 Goran 20. Accounts Receivables Alla Service Revenue Alc (To record serince rendered on account) 950 25. Cash 1 500 1500 (To for in Alc e unearned Alc. record advance received service to be rendered future). 28. 2400 2 HOD Cash Al Service Revenue Alc. To record Service rendered and cash received).

29. Prepaid Alc 132D Insurance Cash Ak 1320 30. Salary Ak 1420 Expense Cash Alc 1420 1 Rent 950 expense Cash Ale AIL 950 450 30 Utilities Expense utiuties payable uso 30 Dividend 4000 Alc Cash ac 4000

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Journal entry - Microsoft Excel (Product Activation Failed) - 2 X File Home Insert Page Layout Formulas Data Review View - x * Cut r General Calibri 11 - AA = = = BI U DA Font *Wrap Text Merge & Center WD $ -% , Insert Delete Format AutoSum Fill - Sort & Find & 2 Clear Filter Select Editing Formatting as Table Styles Styles Alignment Number Cells Copy Paste Format Painter Clipboard B2 А 1 2 DE F G H I J K L M N O Trial balance 5 Sl.no Debit 18290 Credit 0 50000 400 1600 1600 1350 0 6850 ACCOUNTS 1 Cash A/C 2 Comman Stock A/C 3 Office supplies A/C 4 Furniture A/C 5 Accounts payable A/C 6 Accounts receivable A/C 7 Service Revenue A/C 8 Land A/C 9 Salary Expense A/C 10 Revenue Unearned A/c 11 Prepaid insurance A/C 12 Rent Expense A/C 13 Utilities expense A/C 14 Utilities Payable A/C 15 Dividend A/C 0 1500 26000 2840 0 1320 950 450 0 4000 0 0 450 0 TOTAL 5880058800 K Sheet1 Ledger Trial balance Activate Windows Go to Settings to activate Windows 00) 100% 1:40 PM ABEM NO 1 TA ENG 2/2/2020 E Ready + Type here to search O WM 9

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