Question

File Excel Edit View Insert Format Tools Data Window Help P1.1 blank (2) AutoSave me Insert Draw Page Layout Formulas Data Review View Tell me Insert X Calibri (Body) 14 | A A General 83 Wrap Text FE BIU a.A- $ %) Merge & Center Conditional Format Call Formatting as Table Styles Format . x fx d. purchased equipment $46,000: $16,000 in cash and the balance on A B c D Account Titles Debit Credit purchased equipment $46,000 $16,000 in cash and the balance on account e. Account Titles Debit Credit e. Furnishings were purchased for $30,400 cash. 4. The owner purchased $3,200 of food inventory on account and paid $3,800 cash for beverage Inventory purchased supplies for $2,650 cash h. purchased $3,800 of food inventory on account L paid $2,700 for a 1-year liability and casualty insurance policy Employees were paid wages of $12,800 and salaries of $2,400 k Sales revenue for the first month was $42,800, 90% cash, 8% credit cards and 2% on accounts payable L. The owner paid $16,600 on accounts payable paid $8,000 on note payable, plus interest of $960 Account Titles Debit Credit m. Journalize each transaction and then post each transaction to a general ledgerprepare an unadjusted trial balance for the month ended March 31, 2006. Account Tales Deb Credit Account Titles Debit Cred Sheet Sheet2 Sheet

Answer 1

Dr. Dr. Dr. Answer Journal Entries:- S.No Particulars d Property, Plant and Equipment A/c To Accounts Payable A/C To Cash A/c e Property, plant and Equipment - Furniture To Cash A/c f Inventory - Food A/c Inventory - Beverage A/C To Accounts Payable A/c To Cash A/C g Supplies A/c To Cash A/C h Inventory - Food A/c To Accounts Payable A/c i Insurance A/C To Cash A/C j Wages A/C Salaries A/C To Cash A/C Debit ($) Credit ($) 46000 30,000 16,000 30,400 30,400 3,200 3,800 3,200 3,800 2,650 2,650 3,800 3,800 2,700 2,700 12,800 * 2,400 15,200 Dr. Dr. Dr. Dr. Dr.

Dr. Dr. 3,424 38,520 856 Dr. 42800 k Bank A/C Cash A/C Accounts Receivable Alc To Sales A/c I Accounts Payable A/c To Cash A/C m Notes Payable A/c Interest Expense A/C To Cash A/C Dr. 16600 16600 Dr. Dr. 8000 960 8960 NOTE: Since a, b,c transactions of the question are not uploaded properly, unadjusted trail balance is not prepared. By using the above journal entries you can prepare the unadjusted trial balance considering a, b, c transactioins of the question.