Question

Fast Deliveries, Inc. (FDI), was organized in December last year and had limited activity last year. The resulting bala sheet
3 3 3 10 16 20 $7,880 of services are performed for customers who paid immediately in cash. $2,900 of salaries are paid for t
of 5 2-a. Set up Taccounts for the accounts on the trial balance Enter beginning balances and post the transactions January 1
Beg Bal Beg Bal. End. Bal End. Bal Prepaid Rent Equipment Beg. Bal Beg Bal End. Bal End. Bal Accumulated Depreciation Account
Deferred Revenue Notes Payable (long-term) Beg. Bal. Beg. Bal End. Bal End. Bal 0 Interest Payable Salaries and Wages Payable
Service Rovenue Beg. Bal. Salaries and Wages Expense Beg Bal End. Bal End. Bal Utilities Expense Supplies Expenses Beg Bal Be
Rent Expense Depreciation Expense Beg. Bal. Beg Bal End. Bal. End. Bal
0 0
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Answer #1

1. Ledgers -

Jan 1 Accounts Receivable Beg Bal.$ 740 $ 600 Jan 9 $ 10,500 $ 3,600 Jan 7 Jan 25 Jan 2 Jan 4 Cash Beg Bal. $ 10,900 $ 4,500

2. Unadjusted Trial Balance -

FAST DELIVERIES, INC. Unadjusted Trial Balance As on January 31 Cash $ 29,900 Accounts Receivable $ 7,040 Prepaid Insurance $

3. Adjusted Trial Balance -

FAST DELIVERIES, INC. Adjusted Trial Balance As on January 31 Cash $ 29,900 Accounts Receivable $ 7,040 Prepaid Insurance $ 4

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