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Question 4 of 6 < > 0.5/1 View Policies Show Attempt History Current Attempt in Progress Presented below is the ledger for Or
11/V2/assessment-player/index.html?launchid=e2de3af9-3f36-43ee-b639-135ac33 Question 4 of 6 > 0.5/1 (a) ✓ Your answer is corr
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Answer #1
ORIOLE CO.  
Trial Balance
Particulars Debit Credit
Notes Payable     4,500
Accounts Payable     1,500
Owners Capital     4,100
Owners Drawings        300
Equipment     2,700
Accounts Recievable        800
Supplies        200
Cash     7,300
Service Revanue     1,900
Salaries and wages        500
Rent Expense        200
12,000 12,000
Journal
Particulars Debit Credit
Oct-01 Cash          2,000
Owners Capital          2,000
(being cash investment by owner)
Oct-03 Equipments            2,700
Accounts Payable          2,700
(being purchase of equipment on account)
Oct-04 Supplies             200
Cash             200
(being purchase of supplies for cash)
Oct-06 Accounts Recievable             600
Service Revanue             600
(being sales made on account)
Oct-10 Cash             600
Service Revanue             600
(being sales made for cash)
Oct-10 Cash          4,500
Notes Payable          4,500
(being borrowel of cash against note payable)
Oct-12 Accounts Payable          1,200
Cash          1,200
(being cash paid to accounts payables)
Oct-15 Rent Expense             200
Cash             200
(being rent expense paid )
Oct-20 Cash             500
Accounts Recievable             500
(being cash received from accounts recievables)
Oct-20 Cash             700
Service Revanue             700
(being sales made for cash)
Oct-25 Cash          2,100
Owners Capital          2,100
(being cash investment by owner)
Oct-30 Owners Drawings             300
Cash             300
(being withdrawel of owner for personal use)
Oct-31 Salaries and wages expense             500
Cash             500
(being salaries and wages paid)
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