Question

FO P2-67B (similar to) During the first month of operations (July 2018), Stein Music Services Corporation completed the following selected transaction Click the icon to view the transaction data) Read the requirements Requirement 1. Record each transaction directly in the Taccounts without using jumal. Use the letters to identify the transaction. Determine the ending balance in each account Enter each transaction. Then calculate the ending balance for each account by selecting tal on the appropriate side of the count and entering the account balance. (For transaction enter the credit one posting) Cash Common Stock Accounts Receivable Service Revenue Choose from any list or any number in the input fields and then cok Check Answer Check Answer 1 part remaining Clear All MacBook Air 888 > * A $ 4 % 5 & 7 2 3 6 8 9 R ИИ T Y U 0 P

Answer 1

Accounts of M/s Stein Music Corporation for July 2018 Dr. Dr. Cr. Common Stock Amt Date Service Revenue Amt Date Date Particulars Date Particulars Amt Particulars By Cash By Building Cr. Amt $ 55,000 $ 95,000 Particulars By Cash By Accounts Receivable $ $ 3,600 13,600 31/7/2018 To Balance c/d 31/7/2018 To Balance C/d $ $ 150,000 150,000 $ $ 17,200 17,200 $ 150,000 $ 17,200 Cr. Dr. Cr. Dr. Date Building Amt Date $ 95,000 Particulars Amt Date Particulars Music Equipment Amt Date $ 42,000 Particulars To Common Stock Particulars Amt To Cash 31/7/2018 By Balance C/d 31/7/2018 By Balance C/d $ $ 95,000 95,000 $ $ 42,000 42,000 $ 95,000 $ 42,000

Cr Dr. Date Accounts Receivable Amt Date $ 13,600 Accounts of M/s Stein Music Corporation for July 2018 Cr. Dr. Particulars Amt Date Particulars By Cash $ 1,900 Note Payable Amt Date Particulars To Service Revenue Amt Particulars By Cash $ 56,000 31/7/2018 By Balance C/d 31/7/2018 To Balance C/d S $ 11,700 13,600 $ $ 56,000 56,000 $ 13,600 $ 56,000 Dr. Cr Dr Rent Expense Cr Date Partiulars Salary Exp Date 6,700 Particulars Amt Date Date Particulars Amt $ Amt Particulars To Cash Amt $ To Cash 1,600 31/7/2018 By Balance C/d 31/7/2018 By Balance C/d S $ 6,700 6,700 $ $ 1,600 1,600 $ 6,700 $ 1,600

Accounts of M/s Stein Music Corporation for July 2018 Dr. Dr Cr Date Date Particulars Accounts Payable Amt Date $ 140 To Cash Particulars By Supplies By Utilities Expense Amt $ $ 290 350 Cash Particulars Amt Date Particulars To Common Stock $ 55,000 By Music Equipment To Note Payable $ 56,000 By Salary To Service Revenue $ 3,600 By Account Payable To Accounts Receivable $ 1,900 By Rent Exp By Advertising Exp 31/7/2018 By Balance C/d $ 116,500 Cr Amt $ 42,000 $ 6,700 $ 140 $ 1.600 $ 600 $ 65,460 $ 116,500 31/7/2018 To Balance C/d $ 500 $ 640 $ 640 Dr Cr Dr Cr Supplies Date Date Particulars Amt Date Particulars Particulars To Accounts Payable Amt Amt $ Advertising Expense Amt Date $ 600 Particulars To Cash 290 31/7/2018 By Balance C/d 290 31/7/2018 By Balance C/d $ $ $ $ 600 600 $ 290 290 $ 600

Accounts of M/s Stein Music Corporation for July 2018 Dr Cr Utilities Expense Amt Date Date Particulars Amt Particulars To Accounts Payable $ 350 31/7/2018 By Balance C/d 350 $ $ $ 350 350