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Presented below is the ledger for Cullumber Co. (amounts in thousands of \). 10/1 10/10 10/10 10/20 10/25 Cash 5,500 10/4 600Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20. (Record entries in the order displDetermine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2020. CULLUMBER C

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Answer #1
CULLUMBER CO
Trial Balance
October 31, 2020
Accounts Debit Credit
Cash ($5,500+600+2,700+440+2,100-550-1450-390-300-430) $     8,220
Accounts receivable ($610+890-440) $     1,060
Supplies   $        550
Equipment $     2,000
Notes payable $     2,700
Accounts payable (2,000-$1,450) $        550
Share capital - Ordinary ($5,500+2,100) $     7,600
Dividends $        300
Service revenue (610+600+890) $     2,100
Salaries and wages expense $        430
Rent expense $        390
Total $   12,950 $   12,950

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