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P2-9B Thunder Cat Services specializes in training and veterinary services to household pets, such as dogs, birds, lizards, fish, horses, and of course, cats. After the first 11 months of operations in 2018, Thunder Cat has the following account balances: Complete t measureme transaction 2-5, 2-6) THUNDER CAT SERVICES Trial Balance November 30, 2018 Debits Credits Accounts Cash Supplies Prepaid Rent Equipment Buildings Accounts Payable Deferred Revenue Common Stock Retained Earnings Dividends Service Revenue Salaries Expense Advertising Expense Utilities Expense $ 19,400 1,500 7,200 83,700 240,000 $ 9,800 2,000 125,000 75,500 9,000 264,000 65,000 18,200 32,300 Totals $476,300 $476,300CHAPTER 2 The Accounting Cycle: During the Period The following transactions occur during December 2018: December 1-31 Throughout the month, Thunder Cat provides services to customers for cash, $27,400. (Hint: Record the entire months services in a single entry.) December 4 Purchase pet supplies on account, $2,900. December 8 Pay for fliers to be distributed to local residences to advertise the companys services, $3,200. Pay for supplies purchased on December 4 Issue additional shares of common stock for cash, $5,000. Pay cash on accounts payable, $6,300. December 9 December 12 December 16 December 19 December 22 December 24 December 27 Purchase equipment with cash, $7,700. Pay utilities for December, $4,500. Receive cash from customers for services to be provided next January, $2,300. One of Thunder Cats trainers takes a part-time job at the zoo and earns a salary of $1,200. The zoo and Thunder Cat Services are separate companies. Pay employee salaries for the current month, $7,000. Pay dividends to stockholders, $3,000. December 30 December 31 Required 1. Record each transaction. 2. Post each transaction to the appropriate T-accounts. 3. Calculate the balance of each account at December 31. (Hint: Be sure to include the balance at the beginning of December in each T-account.) 4. Prepare a trial balance as of December 31.

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Date General Journal DebitCredit Dec1-31 Cash 27400 Service revenue 27400 Dec-04 Supplies 2900 Accounts payable 2900 Dec-08 Advertisement expense 3200 Cash 3200 Dec-09 Accounts payable 2900 cash 2900 Dec-12 Cash 5000 Common stock 5000 Dec-16 Accounts payable 6300 cash 6300 Dec-19 Equipment Cash 7700 7700 Dec-22 Utilities expense 4500 cash 4500 Dec-24 Cash 2300 Deferred revenue 2300 Dec-27[No entry Dec-30 Salaries expense 7000 cash 7000 Dec-31 dividends 3000 cash 3000Service revenue Opening Dec1-31 Cash Opening Dec1-31 19400Dec-08 3200 27400 Dec-09 2900 5000 Dec-16 6300 2300 Dec-19 7700 Dec-22 4500 Dec-30 7000 Dec-313000 264000 27400 Dec-12 Dec-24 end bal 291400 Accounts payable end bal 19500 Buildings Dec-092900 Opening Dec-166300 9800 2900 Dec-04 Opening 240000 end bal 3500 end bal 240000 Supplies 1500 2900 Opening Common stock Dec-04 125000 5000 Opening Dec-12 end bal 4400 end bal 130000 Advertising expense Deferred revenue 18200 3200 2000 2300 Opening Opening Dec-08 Dec-24 end bal 21400 Equipment 83700 7700 end bal 4300 Retained earnings Opening Opening 75500 Dec-19 end bal 91400 end bal 75500 Utilities expense Salaries expense 65000 Opening 32300 4500 Opening Dec-22 Dec-30 7000 end bal 36800 end bal 72000 Dividends Prepaid rent 7200 9000 Dec-313000 Opening Opening end bal 7200 end bal 12000Trial balance Debit Credit items Cash Supplies Prepaid rent Buildings Equipment Accounts payable Deferred revenue Common stock Retained earnings Dividends Service revenue Salaries expense Advertising expense Utilities expense Total 19500 4400 7200 240000 91400 3500 4300 130000 75500 12000 291400 72000 21400 36800 504700 504700

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