Question

iew Policies Current Attempt in Progress Here is the ledger for Cullumber Company. Cash Oct. 1 8,390 Oct. 4 1,790 Oct. 10 2.370 Oct. 12 2.890 Oct. 10 9,390 Oct. 15 440 Oct. 20 890 Oct. 30 490 Oct. 25 3,390 Oct. 31 690 Accounts Receivable Oct. 6 990 Oct. 20 890 Oct. 20 1,110 Supplies Oct. 4 1.790 Oct. 31 1.570 Equipment Oct. 3 4,390 Notes Payable Oct. 10 9,390 Accounts Payable Oct 12 2.890 Oct 3

**I need help on part A and B**

Answer 1

Journal Entries

Date	Account titles & explanations	Debit	Credit
October 1	Cash	8390
Common stock		8390
(Issued stock for cash)
October 10	Cash	2370
Service revenue		2370
(Received cash for sevice provided)
October 10	Cash	9390
Notes payable		9390
(Issued notes payable for cash)
October 20	Cash	890
Accounts receivable		890
(Received cash in payment of account)
October 25	Cash	3390
Common stock		3390
(Issued stock for cash)
October 4	Supplies	1790
Cash		1790
(Bought supplies for cash)
October 12	Accounts payable	2890
Cash		2890
(Cash paid to accounts payable)
October 15	Rent expenses	440
Cash		440
( Rent paid using cash)
October 30	Dividends	490
Cash		490
Dividends paid using cash)
October 31	Salaries & Wages	690
Cash		690
(Cash paid for salaries and wages)
October 6	Accounts receivable	990
Service revenue		990
(Billed clients for service provided)
October 20	Accounts receivable	1110
Service revenue		1110
(Billed clients for service provided)
October 31	Supplies expense	1570
Supplies		1570
(Supplies expended for the period)
October 3	Equipment	4390
Accounts payable		4390
(Equipment bought on accounts)

Sandhill Co.
Trial Balance
October 31 2022
Account Titles	Debit	Credit
Cash	18130
Accounts receivable	1210
Supplies	220
Equipment	4390
Notes payable		9390
Accounts payable		1500
Common stock		11780
Dividends	490
Service revenue		4470
Salaries & Wages expense	690
Supplies expenses	1570
Rent expenses	440
Total	27140	27140

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