..ooo Verizon 45%) 11:32 PM edugen.wileyplus.com PTop This is the trial balance
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..ooo Verizon 45%) 11:32 PM edugen.wileyplus.com PTop This is the trial balance of Solis Company on September 30. Debit Cash Accounts Receivable Supplies s 23,360 6,760 4,420 Accounts Payable Unearned Service Revenue $8,960 3,420 Stock Retained Earnings -13,320 The October transactions were as follows. Oct. 5 Received $1,450 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,330 15 Paid employee salaries $1,100. 17 Performed $550 of services in exchange for cash. 20 Paid $1,980 to creditors for accounts payable due. 29 Paid a $290 cash dividend. 31 Paid utilities $300. Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1 Cash ccounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common Stock Retained Earnings SHOW LISTExplanation / Answer
accounts receivables service revenue to balance 6760 to balance 1450 by cash 1450 to cash 550 by balance 7310 total 7310 7310 cash opening balance 23360 by accounts payable 5330 dividend to service revenue 1450 by salaries and wages 1100 to cash 290 balance 290 bt accounts receivables 550 by accounts payable 1980 by dividend 290 notes by balance 15560 to utilities 300 by balance 300 24810 24810 accounts payable to cash 5330 by balance 8960 utilities to cash 1980 to balance 300 by notes 300 to balance 1650 Trial balance 8960 8960 particulars amount debit amount credit salaries and wages service revenue 1450 to cash 1100 by balance 1100 cash 15560 accounts payable 1650 salaries 1100 accounts receivables 7310 dividend 290 notes 300 utilities 300 supplies 4420 unearned service revenue 3420 common stock 19160 retained earnings 13320 equipment 10320 total 39300 39300
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