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Exercise 3-16 The T-accounts below summarize the ledger of Kingbird, Inc. at the end of the first month of operations. Cash 1Prepare the journal entries that resulted in the amounts posted to the accounts. Present them in the order they occurred. (If(D Prepare a trial balance at April 30, 2022. KINGBIRD, INC. Trial Balance Debit Credit Click if you would like to Show Work

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Answer #1

Journal entries

Date General Journal Debit Credit
Apr 1 Cash 12300
Common Stock 12300
Apr 4 Supplies 6400
Account payable 6400
Apr 7 Account receivable 4800
Service revenue 4800
Apr 12 Cash 540
Service revenue 540
Apr 15 Salaries and wages expense 760
Cash 760
Apr 25 Account payable 3700
Cash 3700
Apr 29 Cash 730
Account receivable 730
Apr 30 Cash 790
Unearned service revenue 790

Trial balance

Debit Credit
Cash 9900
Account receivable 4070
Supplies 6400
Account payable 2700
Unearned service revenue 790
Common Stock 12300
Service revenue 5340
Salaries and wages expense 760
21130 21130
2 1
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