Question

Transactions JE Ledger TB Worksheet UNDERWOOD Transactions Sept. 1 Stockholders invested $20.000 cash in the business Sept. 2 Paid $1,000 cash for some rent for the month of September Sept. 3 Purchased industrial carpet-cleaning equipment for $25,000, paying $10,000 in casa and signing a $15.000 6th, anot payable Sept. 4 Paid $1.200 for 1-year accident insurance policy Sept. 10 Recievd ball from the Daily News for hertising the opening of the cleaning service $200 Sept. 15 Performed services on account for $6,200. Sept.20 Paid a $700 cash dividend to stockholders Sept. 30 Received go from customers billed on Sept 15th. Prepare the following: (n)journal entries. (b) ledger accounts, e) a trial balance worksheet

Answer 1

Date Journal Particulars Debit Credit Sept I Cash Ale all. To common stock Ak. 20000 20000 1000 To Cash Ale 1000 25000 • Sept 2. Rent Expense Allah sept 3. Equipment Ale di Payablette Perepaid sept 4. ^ Grizurance expense ALCUDI Cash Al To To 10000 15000 3 Notes 1200 To Cash Ale 1200 10 200 200 Adweertisement Expenses Alco To Accounts ' sept is. Secounto Resiwalele Alcals To Serire Revenue Alc. 6200 6200 Dr. 700 Septao. dividend All To Cash Ale. Too • 5000 De To Accounts Receivalele Ala 5000

Credit 20000 Trial Balance Accounts Name of Debit Cash 12100 common stock Reut Expense 1000 equipment 95000 Notes Payable Accounts Payable 200 Adecertisemelt Expensse 200 Prepaid Insurance . 1200 1200 Accounts Receivable Dueidend too Serrence Reclenue 41400 TOTAL 15000 200 6200 41400
The amount in the last entry was not clear so i assumed it to be 5000....!!