Question

Close 2/3 Media During its month of operation the During its first month of operation, the Bethany's Bicycle Corporation, which specializes in bicycle repairs, completed the following transaction Date March March 1 March 3 March Transactions Transaction Description Began business by making a deposit in a company bank Account of $20.000. In exchange for 2.000 shares of $10 por value common stock Paid the premium on alyear rurance policy. 52.400 Paid the current month's vorerent experse. S90 Purchased repairement from Andrew Company $5.800. Paid $1.000 down and the balance was placed on Occount Payments will be $400.00 per month for 12 months The first payment is due 4/1. Note: Use Accounts Payable for the Balance Due Purchased repair supplies from Jackson Company credit.3650 Pald telephone bill for Morch. $340 Cash bicycle repair revenue for the t hird of March March 8 March March 18 Made payment to Jackson Company, 5400 Received on February 2, 2020 at 4:56 PM Save

please create a Trial balance and Ledger with all the steps thank you

please create a Ledger and trial balance bases on the info

Answer 1

Credit Date Account 1-Mar Cash Common Stock Debit $ 20,000 $ 20,000 $ 2,400 1-Mar Prepaid Insurance Cash $ 2,400 $ 1,900 1-Mar Store Rent expense Cash $ 1,900 $ 5,800 3-Mar Repair Equipment Cash Accounts Payable $ $ 1,000 4,800 $ 650 8-Mar Repair Supplies Accounts Payable $ 650 $ 340 10-Mar Telephone expense Cash $ 340 $ 1,650 11-Mar Cash Bicycle Repair Revenue $ 1,650 $ 400 18-Mar Accounts Payable Cash $ 400 $ 2,450 20-Mar Cash Bicycle Repair Revenue $ 2,450 $ 1,250 31-Mar Cash Bicycle Repair Revenue $ 1,250 $ 250 31-Mar Electric expense Cash $ 250 $ 1,000 31-Mar Dividends Cash $ 1,000

Credit Credit Credit Date Debit Date Prepaid Insurance 1-Mar $ 2,400 Date Debit Date Repair Supplies 8-Mar $ 650 Date Debit Date Repair Equipment 3-Mar $ 5,800 T Accounts Date Debit Date Credit Cash 1-Mar $ 20,000 1-Mar $ 2,400 11-Mar $ 1,650 1-Mar $ 1,900 20-Mar $ 2,450 3-Mar $ 1,000 31-Mar $ 1,250 10-Mar $ 340 18-Mar $ 400 31-Mar $ 250 31-Mar $ 1,000 Unadj Bal $ 18,060 Unadj Bal $ 2,400 Unadj Bal $ 650 Unadj Bal $ 5,800 Accum. Depr. - Repair Equipment Income Taxes payable Accounts Payable 18-Mar $ 400 3-Mar $ 4,800 8-Mar $ 650 Unadj Bal $ . Unadj Bal $ 5,050 Unadj Bal $ . Retained Earnings Common Stock 1-Mar $ 20,000 Dividends 31-Mar $ 1,000 Unadj Bal $ 20,000 Unadj Bal $ - Unadj Bal $ 1,000 Insurance expense Store Rent expense 1-Mar $ 1,900 Telephone expense 10-Mar $ 340 Bicycle Repair Revenue 11-Mar $ 1,650 20-Mar $ 2,450 31-Mar $ 1,250 Unadj Bal $ 5,350 Unadj Bal $ 1,900 Unadj Bal $ 340 Unadj Bal $ - Repair Supplies expense Dep expense- Repair Equipment Income tax expense Electric expense 31-Mar $ 250 Unadj Bal $ . Unadj Bal $ - Unadj Bal $- Unadj Bal $ 250

Bethany's Bicycle Corporation Unadjusted TB Debit Credit 18,060 2,400 650 5,800 5,050 20,000 Account Names Cash Prepaid Insurance Repair Supplies Repair Equipment Accumulated Depreciation-Repair Equipment Accounts Payable Income Taxes Payable Common Stock Retained Earnings Dividends Bicycle Repair Revenue Store Rent expense Telephone expense Insurance expense Repair Supplies expense Dep expense- Repair Equipment Income tax expense Electric expense Totals 1,000 5,350 1,900 340 250 30,400 30,400