Question

E3-17 Here is the ledger for Kriscoe Co. Cash Common Stock Oct 7,000 Oct Oct 1 400 1 7,000 2,000 12 1,500 10 980 25 8,000 10 15 250 20 700 30 300 500 25 2,000 31 Accounts Receivable Dividends Oct 6 800 Oct. 20 700 Oct. 300 20 920 Supplies Service Revenue 180 Oct Oct. 400 Oct. 31 6 800 10 980 20 920 Salaries and Wages Expense Equipment Oct Oct 3 3,000 31 500 Supplies Expense Notes Payable Oct 10 8,000 Oct 31 180 Accounts Payable Rent Expense Oct 1,500 Oct. Oct 12 3 15 250 3,000 Instructions (a) Reproduce the journal entries for only the transactions that occurred on October 1, 10, and 20, and provide explanations for each. (b) Prepare a trial balance at October 31, 2017. (Hint: Compute ending balances of T-accounts first.) 30 8. -

Could you show me in the Microsoft Excle please?

Answer 1

Journal entries Cash 7000 Oct.4 Oct.1 400 Oct. 1 Cash 7000 10 980 12 1500 Common stock 7000 10 8000 15 250 capital introduced) 20 700 30 300 Oct. 10 Cash 980 25 2000 31 500 Service revenue Ending balance 980 15730 revenue earned) 18680 18680 Oct. 10 Cash 8000 Notes payable loan taken) Common stock 8000 Oct.1 7000 Oct. 20 700 Ending balance Cash 9000 25 2000 Accounts receivable 700 9000 9000 Amount received from accounts receivable) Oct, 20 Accounts receivable 920 Accounts receivable Service revenue 920 Oct.6 800 Oct.20 700 Revenue earned on account) 20 920 Ending balance 1020 1720 1720 Part B Trial Balance Dividend Debit Credit Oct.30 300 Cash 15730 Ending balance 300 Accounts receivable 1020 300 300 Supplies Equipment Notes payable Accounts payable 220 Supplies 3000 400 Oct.31 8000 Oct.4 180 Ending balance 1500 220 Common stock 9000 400 400 Dividend 300 Retained earnings Service revenue 1770 20270 20270 Income summary 2700 Oct.6 800 10 980 20 920 2700 2700

Equipment Oct. 3 3000 Ending balance 3000 3000 3000 Salaries and wages exp. Oct. 31 500 Income summary 500 500 500 Notes payable Oct. 10 8000 Ending balance 8000 8000 8000 Supplies exp Oct. 31 180 Income summary 180 180 180 Accounts payable Oct. 12 1500 Oct. 3 3000 Ending balance 1500 3000 3000 Rent exp. Oct. 15 250 Income summary 250 250 250 Income summary 2700 Salaries and wages exp. Service revenue 500 Supplies exp Rent exp 180 250 Retained earnings (balancing figure) 1770 2700 2700