Question

B D А arch Transactions с 1-Mar Performed car repair services and received cash at the time of sale, $5,150. 4-Mar Paid wages and salaries for $2,410, part of which was accrued in February. 10-Mar Issued stock to new investors, $16,500. 15-Mar Made the quarterly interest payment on all notes, all is accrued in interest payable. 15-Mar Paid annual income taxes that was accrued in income taxes payable. 20-Mar Made a monthly payment on the equipment note, $90. 22-Mar Paid cash for advertising, $205. 27-Mar Performed car repair services on account, $4,705. 30-Mar Paid dividends to owners, $600. March Adjusting Entries 31-Mar The estimated depreciation on building and equipment is $920. 31-Mar One month of rent has expired, $950. 31-Mar The annual interest rate is 6% on all notes and paid quarterly. Round to the nearest dollar. 31-Mar Accrued wages and salaries worked in March that will be paid 4-4, $2,205. 31-Mar The estimated income taxes for the month is $785. General Journal Year 2 Transactions General Ledger Income Stateme ... Adjusted Trial Balance E O E JA 11 Type here to search

i need help on general journal and adjesting trial balance for march transaction

Answer 1

General Journal

Date	Account Titles	Debit	Credit
1-Mar	Cash	$          5,150
	Service Revenue		$          5,150
4-Mar	Salaries and Wages Payable	$          2,090
	Salaries and Wages Expense	$             320
	Cash		$          2,410
10-Mar	Cash	$        16,500
	Common Stock		$        16,500
15-Mar	Interest Payable	$             386
	Cash		$             386
15-Mar	Income Taxes Payable	$          9,540
	Cash		$          9,540
20-Mar	Notes Payable	$                90
	Cash		$                90
22-Mar	Advertising Expense	$             205
	Cash		$             205
27-Mar	Accounts Receivable	$          4,705
	Service Revenue		$          4,705
30-Mar	Dividend	$             600
	Cash		$             600
	Adjusting Entries
31-Mar	Depreciation Expense	$             920
	Accumulated Depreciation		$             920
31-Mar	Rent Expense	$             950
	Prepaid Rent		$             950
31-Mar	Interest Expense	$             192
	Interest Payable		$             192
31-Mar	Salaries and Wages Expense	$          2,205
	Salaries and Wages Payable		$          2,205
31-Mar	Income Tax Expense	$             785
	Income Tax Payable		$             785

Adjusted Trial Balance
Account Titles	Debit	Credit
Cash	$          9,454
Accounts Receivable	$        14,205
Supplies	$             770
Prepaid Rent	$          3,800
Building	$        81,000
Equipment	$      128,200
Accumulated Depreciation		$        43,845
Accounts Payable		$          6,510
Salaries and Wages Payable		$          2,205
Bonus Payable		$          1,300
Income Tax Payable		$             785
Interest Payable		$             192
Notes Payable		$        38,320
Common Stock		$      106,500
Retained Earnings		$        34,094
Dividend	$             600
Service Revenue		$          9,855
Salaries and Wages Expense	$          2,525
Advertising Expense	$             205
Depreciation Expense	$             920
Rent Expense	$             950
Income Tax Expense	$             785
Interest Expense	$             192
Totals	$     243,606	$     243,606

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