Question

This is the trial balance of Solis Company on September 30. SOLIS COMPANY Trial Balance September 30, 2014 Debit Credit Cash $ 23,400 Accounts Receivable 6,800 Supplies 4,300 Equipment 10,200 Accounts Payable $ 9,000 Unearned Service Revenue 3,300 Common Stock 19,200 Retained Earnings 13,200 $44,700 $44,700 The October transactions were as follows. Oct. 5 Received $1,360 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,740. 15 Paid employee salaries $1,200. 17 Performed $640 of services in exchange for cash. 20 Paid $1,850 to creditors for accounts payable due. 29 Paid a $250 cash dividend. 31 Paid utilities $490.

Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings

Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Post to the ledger accounts. (Post entries in the order of information presented in the question.) Cash 10/1 Bal. 23,400         Accounts Receivable 10/1 Bal. 6,800         Supplies 10/1 Bal. 4,300     Equipment 10/1 Bal. 10,200     Accounts Payable     10/1 Bal. 9,000 Unearned Service Revenue     10/1 Bal. 3,300 Common Stock        10/1 Bal. 19,200        Retained Earnings               10/1        13,200               Dividends         Service Revenue         Salaries and Wages Expense         Utilities Expense

Prepare a trial balance on October 31, 2014. SOLIS COMPANY Trial Balance October 31, 2014 Debit Credit $ $ $ $

Answer 1

First T-accounts is for third part. For first part take all the 10/1 Bal. Values, that will be your answer for number 1.

For Requirement 1: For example Cash, 10/1 23,400 will go on left side. Accounts payable 10/1 9,000 will on on right side.

Let me know if you are still confused about any thing.