ZuoTi.Pro
Question

Needs help with this questions please!!

Below is the trial balance of Slowcombe Services on September 30, 2014 SLOWCOMBE SERVICES Trial Balance September 30, 2014 Debit Credit Cash Accounts receivable Supplies Equipment Accounts payable Unearned revenue W. Slowcombe, capital $7,620 2,650 2,230 7,780 $5,350 850 14,080 $20.280 $20,280 The October transactions were as follows: Oct. 5 Received $1,050 in cash from customers for accounts receivable due 10 Billed customers for services performed in the amount of $5,370 15 Paid employee salaries of $1,140 17 Performed $560 of services for customers who paid in advance in August. 20 Paid $1,630 to creditors for accounts payable due 29 William Slowcombe withdraws $300 cash for personal use 31 Paid utilities of $410 31 Paid $680 for maintenance expense

Prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of October 1 Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Revenue W. Slowcombe, Capital

Prepare jaurnal entries to record the above transactions. (Credit account ritles are automiatically indented when amount is entered. Do nat indent manally. If no entry is required, select No Entry for the account titles and enter o far the amounts Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Prepare a trial balance at October 31, 2014 SLOWCOMBE SERVICES Trial Balance October 31, 2014 Debit Credit

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

GENERAL LEDGER IN T ACCOUNTS

CASH PARTICULARS Opening balance Accounts receivable AMOUNT S 1,140.00 S 1,630.00 S 300.00 S 410.00 AMOUNT PARTICUARS 7620.00 Employees salaries S 1,050.00 Accounts payable drawin Utilities Maintainence expenses S 680.00 4,510.00 $ 4,160.00 Closing balance S4,160.00 ACCOUNTS RECEIVABLE PARTICULARS Opening balance Servies revenue AMOUNT $ 1,050.00 AMOUNT PARTICULARS 2,650.00 Cash $ 5,370.00 6,970.00 S 8,020.00 Closing balance 8,020.00 SUPPLIES PARTICULARS AMOUNT PARTICULARS AMOUNT Opening balance 2,230.00 Closing balance $ 2,230.00 S 2,230.00 S 2,230.00 EQUIPMENT PARTICULARS Opening balance AMOUNT PARTICULARS AMOUNT 7,780.00 7,780.00 $ 7,780.00 Closing balance 7,780.00 ACCOUNTS PAYABLE AMOUNT PARTICUARS S 1,630.00 Opening balance PARTICULARS AMOUNT Cash 5,350.00 Closing balance S 3,720.00 5,350.00 S 5,350.00 PARTICULARS Services revenue UNEARNED REVENUE AMOUNT PARTICULARS S 560.00 Opening balance AMOUNT $ 850.00 290.00 850.00 Closing balance 850.00 W. SLOWCOMBE, CAPITAL AMOUNT $14,080.00 PARTICULARS AMOUNT PARTICULARS S 300.00 lOpening balance Drawings Closing balance $13,780.00 $14,080.00 $14,080.00

JOURNAL ENTRIES

OURNAL ENTRIES DATE ACOUNTING ENTRY AND EXPLANATION DEBIT CREDIT 5-Oct Cash $1,050.00 Accounts receivable $1,050.00 Cash received from customers 10-Oct Accounts receivalbe $5,370.00 Services Revenue $5,370.00 Services rendered to customers on account 15-Oct Employee salaries $1,140.00 Cash $1,140.00 Employees salaries paid in cash) 17-Oct Unearned revenue $ 560.00 Services Revenue 560.00 (Services preformed for amount received in advance 20-Oct Accounts payable $1,630.00 Cash Accounts payable due paid in cash) $1,630.00 29-Oct Drawings $ 300.00 Cash 300.00 Drawings made in cash for presonal use) 29-Oct Capital $ 300.00 Drawings Drawings were reduced from Capital) S 300.00 31-Oct Utilities expenses $ 410.00 S 410.00 Cash (Utilities expenses paid in cash 31-Oct Maintaience Expenses 680.00 Cash 680.00 (Mainataience expenses paid in cash

TRAIL BALANCE

SLOWCOMBE SERVICES TRAIL BALANCE 31-Oct-14 ACCOUNTS DEBIT CREDIT CASH ACCOUNTS RECEIVABLE SUPPLIES EQUIPMENT EMPLOYEES SALARIES UTILITIES EXPENSES MAINTAIENCE EXPENSES ACCOUNTS PAYABLE UNEARNED REVENUE W. SLOWCOMBE CAPITAL SERVICES REVENUE 4,510.00 S6,970.00 $2,230.00 $ 7,780.00 $ 1,140.00 410.00 680.00 $3,720.00 $290.00 S 13,780.00 S 5,930.00 TOTAL $23,720.00 23,720.00

0 0
Add a comment
Know the answer?
Add Answer to:
Needs help with this questions please!! Below is the trial balance of Slowcombe Services on September...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • This is the trial balance of Oriole Company on September 30 ORIOLE COMPANY Trial Balance September...

    This is the trial balance of Oriole Company on September 30 ORIOLE COMPANY Trial Balance September 30, 2017 Debit Credit $ 23,580 6,980 4,920 10,820 Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings 9,180 3,920 19,380 13,820 46,300 $46,300 The October transactions were as follows. Oct. 5 10 15 17 20 29 31 Received $1,310 in cash from customers for accounts receivable due. Billed customers for services performed $5,800 Paid employee salaries $1,190 Performed...

  • This is the trial balance of Ivanhoe Company on September 30. IVANHOE COMPANY Trial Balance September...

    This is the trial balance of Ivanhoe Company on September 30. IVANHOE COMPANY Trial Balance September 30, 2022 Debit Credit Cash $ 23,200 Accounts Receivable 6,600 Supplies 4,760 Equipment 10,660 Accounts Payable $8,800 Unearned Service Revenue 3,760 Common Stock 19,000 Retained Earnings 13,660 $45,220 $45,220 The October transactions were as follows. The October transactions were as follows. Oct. 5 Received $1,410 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,680. 15 Paid employee salaries...

  • This is the trial balance of Cullumber Company on September 30. CULLUMBER COMPANY Trial Balance September...

    This is the trial balance of Cullumber Company on September 30. CULLUMBER COMPANY Trial Balance September 30, 2022 Debit Credit Cash $ 23,330 Accounts Receivable 6,730 Supplies 4,290 Equipment 10,190 Accounts Payable $ 8,930 Unearned Service Revenue 3,290 Common Stock 19,130 Retained Earnings 13,190 $44,540 $44,540 The October transactions were as follows. Oct. 5 Received $1,470 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,740. 15 Paid employee salaries $1,010. 17 Performed $620 of...

  • This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September...

    This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid employee salaries $1,000. 17 Performed $640 of...

  • This is the trial balance of Cullumber Company on September 30. CULLUMBER COMPANY Trial Balance September...

    This is the trial balance of Cullumber Company on September 30. CULLUMBER COMPANY Trial Balance September 30, 2022 Debit Credit Cash $ 23,330 Accounts Receivable 6,730 Supplies 4,290 Equipment 10,190 Accounts Payable $8.930 Unearned Service Revenue 3,290 Common Stock 19,130 Retained Earnings 13,190 $44,540 $44.540 The October transactions were as follows. Oct. 5 Received $1,470 in cash from customers for accounts receivable due 10 Billed customers for services performed $5.740. 15 Paid employee salaries $1,010. 17 Performed $620 of services...

  • QUESTION HERE: This is the trial balance of Pharoah Company on September 30. PHAROAH COMPANY Trial...

    QUESTION HERE: This is the trial balance of Pharoah Company on September 30. PHAROAH COMPANY Trial Balance September 30, 2022 Debit Credit Cash $23,940 Accounts Receivable 7,340 Supplies 4,530 Equipment 10,430 Accounts Payable $ 9,540 Unearned Service Revenue 3,530 Common Stock 19,740 Retained Earnings 13,430 $46,240 $46,240 The October transactions were as follows. Oct. 5 Received $1,330 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,660. 15 Paid employee salaries $1,270. 17 Performed $600...

  • P3-6A This is the trial balance of Lacey Company on September 30. LACEY COMPANY Trial Balance...

    P3-6A This is the trial balance of Lacey Company on September 30. LACEY COMPANY Trial Balance September 30, 2017 Debit Credit Cash $19,200 Accounts Receivable 2,600 Supplies 2,100 Equipment 8,000 Accounts Payable $ 4,800 Unearned Service Revenue 1,100 Common Stock 15,000 Retained Earnings 11,000 $31,900 $31,900 The October transactions were as follows. Oct. 5 Received $1,300 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,100. 15 Paid employee salaries $1,200. 17 Performed $600 of...

  • LO C UParty JCC SU. CULLUMBER COMPANY Trial Balance September 30, 2017 Debit Credit Cash $...

    LO C UParty JCC SU. CULLUMBER COMPANY Trial Balance September 30, 2017 Debit Credit Cash $ 24,020 Accounts Receivable 7,420 Supplies 4,210 Equipment 10.110 Accounts Payable $9,620 Unearned Service Revenue 3,210 Common Stock 19,820 Retained Earnings 13,110 $45,760 $45,760 The October transactions were as follows. Oct. 5 Received $1,380 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,870. 15 Paid employee salaries $1,030. 17 Performed $550 of services in exchange for cash. 20 Paid...

  • Can someone help me with this question? This is the trial balance of Wildhorse Co. on...

    Can someone help me with this question? This is the trial balance of Wildhorse Co. on September 30. WILDHORSE CO. Trial Balance September 30, 2022 Debit Credit Cash $ 23,430 Accounts Receivable 6,830 Supplies 4,520 Equipment 10,420 Accounts Payable $ 9,030 Unearned Service Revenue 3.520 Common Stock 19,230 Retained Earnings 13,420 $45,200 $45,200 The October transactions were as follows. Oct. 5 Received $1,400 in cash from customers for accounts receivable due. 10 Billed customers for services performed $6,000. 15 Paid...

  • please fill in the blanks IVANHOE COMPANY Trial Balance September 30, 2017 Debit Credit Cash $...

    please fill in the blanks IVANHOE COMPANY Trial Balance September 30, 2017 Debit Credit Cash $ 23,200 Accounts Receivable 6,600 Supplies 4,760 10,660 Equipment Accounts Payable $8,800 Unearned Service Revenue 3,760 Common Stock 19,000 Retained Earnings 13,660 $45,220 $45,220 The October transactions were as follows. Oct. 5 Received $1,410 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,680. 15 Paid employee salaries $1,370. 17 Performed $640 of services in exchange for cash. 20 Paid...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT