(L. OBJ. 2, 3, 4, 5) Journalizing transactions, posting, and preparing a trial balance [...

(L. OBJ. 2, 3, 4, 5) Journalizing transactions, posting, and preparing a trial balance [10 min]

In October; 2011, the first live transactions of Fine’s Maid Service have been posted to the accounts as follows:

Requirements

1. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry as illustrated in Chapter 2.

2. Prepare the trial balance of Fine’s Maid Service at October 31, 2011.