Question

This is the trial balance of Oriole Company on September 30 ORIOLE COMPANY Trial Balance September 30, 2017 Debit Credit $ 23,580 6,980 4,920 10,820 Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings 9,180 3,920 19,380 13,820 46,300 $46,300 The October transactions were as follows. Oct. 5 10 15 17 20 29 31 Received $1,310 in cash from customers for accounts receivable due. Billed customers for services performed $5,800 Paid employee salaries $1,190 Performed $550 of services in exchange for cash. Paid $1,830 to creditors for accounts payable due Paid a $300 cash dividend Paid utilities $320 Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1 Cash

Answer 1

Cash
Date	Debit($)	Credit($)	Balance($)
1-Oct	23580		23580

Accounts Receivable
Date	Debit($)	Credit($)	Balance($)
1-Oct	6980		6980

Supplies
Date	Debit($)	Credit($)	Balance($)
1-Oct	4920		4920

Equipment
Date	Debit($)	Credit($)	Balance($)
1-Oct	10820		10820

Accounts Payable
Date	Debit($)	Credit($)	Balance($)
1-Oct		9180	-9180

Unearned service Revenue
Date	Debit($)	Credit($)	Balance($)
1-Oct		3920	-3920

Common Stock
Date	Debit($)	Credit($)	Balance($)
1-Oct		19380	-19380

Retained Earnings
Date	Debit($)	Credit($)	Balance($)
1-Oct		13820	-13820

Journal Entries
Date	Particulars	Debit($)	Credit($)
5-Oct	Cash	1310
	Accounts Receivable		1310
	Cash Receivaed
10-Oct	Accounts Receivable	5800
	Service Revenue		5800
	Billed to customer for service
15-Oct	Salaries Expenses	1190
	Cash		1190
	Paid Employee Salaries
17-Oct	Cash	550
	Service Revenue		550
	Cash Received For Service
20-Oct	Accounts Payable	1830
	Cash		1830
	Paid to Creditors
29-Oct	Dividend	300
	Cash		300
	Paid Cash Dividend
31-Oct	Utilities Expenses	320
	Cash		320
	Paid Utilities Expenses

Cash
Date	Debit($)	Credit($)	Balance($)
Opening	23580		23580
5-Oct	1310		24890
15-Oct		1190	23700
17-Oct	550		24250
20-Oct		1830	22420
29-Oct		300	22120
31-Oct		320	21800

Accounts Receivable
Date	Debit($)	Credit($)	Balance($)
Opening	6980		6980
5-Oct		1310	5670
10-Oct	5800		11470

Supplies
Date	Debit($)	Credit($)	Balance($)
Opening	4920		4920

Equipment
Date	Debit($)	Credit($)	Balance($)
Opening	10820		10820

Accounts Payable
Date	Debit($)	Credit($)	Balance($)
Opening		9180	-9180
20-Oct	1830		-7350

Unearned service Revenue
Date	Debit($)	Credit($)	Balance($)
Opening		3920	-3920

Common Stock
Date	Debit($)	Credit($)	Balance($)
Opening		19380	-19380

Retained Earnings
Date	Debit($)	Credit($)	Balance($)
Opening		13820	-13820

service Revenue
Date	Debit($)	Credit($)	Balance($)
10-Oct		5800	-5800
17-Oct		550	-6350

Utility Expenses
Date	Debit($)	Credit($)	Balance($)
31-Oct	320		320

Salaries Expense
Date	Debit($)	Credit($)	Balance($)
15-Oct	1190		1190

dividend
Date	Debit($)	Credit($)	Balance($)
29-Oct	300		300

Adjusted Trail Balamce
Particulars	Debit($)	Credit($)
Cash	21800
Accounts Receivable	11470
Supplies	4920
Equipment	10820
Accounts Payable		7350
Unearned service Revenue		3920
Common Stock		19380
Retained Earnings		13820
service Revenue		6350
Utility Expenses	320
Salaries Expense	1190
dividend	300
Total	50820	50820