Question

THUNDER CAT SERVICES Trial Balance November 30, 2021 Accounts Debits Credits Cash $ 19,500 Supplies 1,600 Prepaid Rent 7,300 Equipment 83,600 Buildings 240,100 Accounts Payable $ 9,900 Deferred Revenue 2,200 Common Stock 125,100 Retained Earnings 75, 700 Dividends 9,100 Service Revenue 264,100 Salaries Expense 65,100 Advertising Expense 18,300 Utilities Expense 32,400 Totals $ 477,000 $477,000 The following transactions occur during December 2021: December 1- Throughout the month, Thunder Cat provides services to customers for cash, $27,500. (Hint: 31 Record the entire month's services in a single entry.) December 4 Purchase pet supplies on account, $3,000. December 8 Pay for fliers to be distributed to local residences to advertise the company's services, $3,300. December 9 Pay for supplies purchased on December 4. December 12 Issue additional shares of common stock for cash, $5,100. December 16 Pay cash on accounts payable, $6,400. December 19 Purchase equipment with cash, $7,800. December 22 Pay utilities for December, $4,600. December 24 Receive cash from customers for services to be provided next January, $2,400. December 27 One of Thunder Cat's trainers takes a part-time job at the zoo and earns a salary of $1,300. The zoo and Thunder Cat Services are separate companies. December 30 Pay employee salaries for the current month, $7,100. December 31 Pay dividends to stockholders, $3,100.

Answer 1

Beg. Balance 8-Dec 9-Dec Beg Balance 19-Dec Ending Bal Equipment 83600 7800 equipment purchased 91400 Common Stock Beg Balance 125100 12-Dec 5100 issue made Ending Bal 130200 Debit Credit 19200 12-Dec 16-Dec 19-Dec 22-Dec 24-Dec Cash 19500 -3300 Paid for advertising -3000 acc. Payable paid 5100 common stock issued -6400 acc. Payable paid -7800 equipment purchased -4600 utilities paid 2400 Cash from customers -7100 Salaries paid 27500 Monthly sales -3100 Dividend 19200 7300 240100 4600 91400 Beg balance Dividends 9100 3100 Dividend paid 12200 31-Dec Accounts payable Beg Balance 9900 4-Dec 3000 Pet Supplies 9-Dec -3000 Payment 16-Dec -6400 Payment Ending Balance 3500 3500 Ending Bal TRIAL BALANCE Paticulars Cash Prepaid rent Building Supplies Equipment Accounts payable Deferred Revenue Service revenue Retained earnings Common stock Dividends Salaries expense Utilities expense Advertising TOTAL 4600 Salaries expense 30-Dec 1 31-Dec 31-Dec Ending Balance 291600 75700 130200 Beg Balance 30-Dec Ending Bal 65100 7100 Salaries paid 72200 12200 Deferred revenue Beg Balance 2200 24-Dec 2400 Cash from customers Ending Balance 4600 72200 37000 21600 Prepaid rent 7300 7300 5 Beg. Balance Ending Balance 505600 505600 Utilities expense Beg Balance 32400 22-Dec 4600 utilities paid Ending Bal 37000 Building 240100 240100 Beg. Balance 1 Ending Balance Service revenue 264100 27500 Mothly sales 291600 Beg Balance 31-Dec Ending Bal Advertising Balance 18300 8-Dec 3300 Paid for flyers Ending Bal Supplies Beg Balance 1600 Retained earnings 75700 75700 Beg bal Ending Bal 21600 4-Dec 3000 Pet Supplies 4600 5 Ending Balance