This is the trial balance of Solis Company on September 30. SOLIS COMPANY Trial

Question

This is the trial balance of Solis Company on September 30. SOLIS COMPANY Trial Balance September 30, 2014 Debit Credit Cash $ 23,690 Accounts Receivable 7,090 Supplies 4,530 Equipment 10,430 Accounts Payable $ 9,290 Unearned Service Revenue 3,530 Common Stock 19,490 Retained Earnings 13,430 $45,740 $45,740 The October transactions were as follows. Oct. 5 Received $1,490 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,360. 15 Paid employee salaries $1,200. 17 Performed $610 of services in exchange for cash. 20 Paid $1,850 to creditors for accounts payable due. 29 Paid a $270 cash dividend. 31 Paid utilities $370. Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Date Account Titles and Explanation Debit Credit

Explanation / Answer

Journal Entry

Date Account Title Debit Credit Oct-05 Cash 1490 Account Recievable 1490 Oct-10 Account Recievable 5360 Service Revenue 5360 Oct-15 Salary & Wages 1200 Cash 1200 Oct-17 Cash 610 Service Revenue 610 Oct-20 Accounts Payable 1850 Cash 1850 Oct-29 Cash Dividend 270 Cash 270 Oct-31 Utilities Expenses 370 Cash 370

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