Question

More Info Oct 2 Johnson Services received $65,000 cash and issued common stock to the stockholders 3 Purchased supplies, $700, and equipment, $12,300, on account. 4 Performed services for a customer and received cash, $5,700 7 Paid cash to acquire land, $35,000. 11 Performed services for a customer and billed the customer, $3,100. Johnson expects to collect within one month. 16 Paid for the equipment purchased October 3 on account. 17 Paid for newspaper advertising, $620 18 Received partial payment from customer on account, $1,000 22 Received and paid the water and electricity bills, S450. 29 Received $2,500 cash for servicing the heating unit of a customer 31 Paid employee salaries, $2,200. 31 Declared and paid dividends of $1,400. Print Done

Answer 1

Oct a cash Debit) (credit) 65,000 TO Common clock 65000 Oct 3 too Purchases Ale Equipment All TO Accounts payable Do 12300 13.000 oct 4 Dr 5700 Cash Ale To sales (services) 5700 Oct Dr 35000 Land All 35000 - To cash ct ll Dr 3100 Accounts to Receivable Sales (Serveres) 3100 oct 16. Or 12300 Accounts payable 1. To cash 12300

Oct 17 Do 620 Advertising expenses Me 40 cash 620 - Oct 18 Normant cash l br 1000 0 Account Recriate Oct 82. hurthy & Electricity: D 450 " 1990 TO Cou t ilitieel А.о Oct 29 Cash Ale o Salex.device) oct 31 @ Salaries To cash . Dr. 2300 Oct 31 (b) Dividends. Dr 1400 TO Cash 1400

Common stock By cash al 65000 Payable By Advertising 2300 690. - Dr Cash cr To common stock 65000 By Land 35000 TO Saly. 5too By Accounts 70 Account Expeute To sales. 2500 By utilities. 450 salaries 220 Dividends 1400 Adod By Balance y 24210 Sur Accounts Receivable for To sales 3100 By cash. 1000 Receivable 1000 To Ralance U brooo closing balare) 65000l or 4 Dividends Tocash 1400) 66000 or 84 balance . 2100 (Closing) 3100 31001 . S Supplies By Balance CH. 1900 - Closing) 1400 7400 or (bales) Service Revenue acr By cash 5700 By recounty Receivable 3100 By cash 800 To Accounts payable tool By Balancesht 700 700 To Balance - (1300 1300 TO P-olly

gipment. cr Di t 70 ftcount Tayable Ore Solay {rjerty in 200 1300 Toronte TO Can Byrelance'. 12300 12300 193001 By-fbalancett6900 By Balance H 2200 22000 2200 er or To cash 9. Land. 35000) or lo. To can Advertising Expensy er 620| 35000 35000 By Balarvest By Balarreald 60 620 620 Dr1. Accounts payable_coor 12. Utilities Expenses. er - To cash 12300 By purchasy 700 pocash 450 By Equipment 12300 no Balance 1700 By Balancer lf. 450 750 150 / 13000 Boooo P-Iul

John Services, Inc. - Trail Balance October 31 Debit Credit Account Cash Alc. 24210 Common stock. 65000 2100 1400 - Too - 11300 12300 Accounts Receivable. Dividends Supplies. Sales: Equipment Salaries. Land. Advertisment Expens. Accounts payable utilities Expens Susperse Alc(Blf) 2200 35000 620 - 450 100 - 1980 Potal. 78980 78980