If someone can accurately journalize AND TOTAL THE TRIAL BALANCE IF POSSIBLE. I
ID: 2377622 • Letter: I
Question
If someone can accurately journalize AND TOTAL THE TRIAL BALANCE IF POSSIBLE. I need a second opinion. Thank you guys so much. May 3: Received cash from clients as an advance payment for services to be provided and recorded it as unearned fees, $3,000. May 5: Received cash from clients on account, $2,100. May 9: Paid cash for a newspaper advertisement, $300. May 13: Paid Office Station Co. for part of the debt incurred on April 5, $400. May 15: Recorded services provided on account for the period May 1-15, $7,350. May 16: Paid part-time receptionist for two weeks' salary including the amount owed on April 30, $750. May 17: Recorded cash from cash clients for fees earned during the period May 1-16, $6,150. May 20: Purchased supplies on account, $600. May 21: Recorded services provided on account for the period May 16-20, $6,175. May 25: Recorded cash from cash clients for fees earned for the period May 17-23, $3,125. May 27: Received cash from clients on account, $11,250. May 28: Paid part-time receptionist for two weeks' salary, $750. May 30: Paid telephone bill for May, $120 May 31: Paid electricity bill for May, $290. May 31: Recorded cash from cash clients for fees earned for the period May 26-31, $2,800. May 31: Recorded services provided on account for the remainder of May, $1,900 May 31: Paid dividends of $15,000.Explanation / Answer
total cash inflow = 3000+2100+7350+6150+6175+3125+11250+2800+1900=43850
total cash outflow= 300+400+750+600+750+120+290+15000= 18210
net available balance=43850-18210=25640
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