Question

LO C UParty JCC SU. CULLUMBER COMPANY Trial Balance September 30, 2017 Debit Credit Cash $ 24,020 Accounts Receivable 7,420 S
The October transactions were as follows. Oct. 5 Received $1,380 in cash from customers for accounts receivable due. 10 Bille
Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Cash Accounts R
Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings
Donati Journalise the transactions no entry is required select No Entry for the account titles and enter for the amounts Cre
Post to the ledger accounts. (Post entries in the order of information presented in the question.) Cash 10/1 Bal. 24,020 Acco
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Answer #1

Journal Entries:

Journal Entries Date Account Debit Credit 05-Oct Cash $ 1,380 Accounts Receivable $ 1,380 (To record cash received from custo

Journal Entries:

Credit Journal Entries Date Account Debit 20-Oct Accounts Payable $ 1,980 Cash (To record part payment to creditors) $ 1,980

T-accounts:

Cash $ 1,030 01-Oct Opening Bal. $ 24,020 Accounts 05-Oct Receivable $1,380 Salaries 15-Oct expense Accounts 20-Oct Payable $

T-accounts:

Equipment 01-Oct Opening Bal. $ 10,110 31-Oct Closing Bal. $ 10,110 Accounts Payable $ 1,980 1 01-Oct Opening. Bal $ 7,640 20

T-accounts:

Service Revenue Accounts $ 6,420 10-Oct Receivable 17-Oct Cash 31-Oct Closing Bal. $ 5,870 $ 550 Utilities Expense $ 380 31-O

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