*Exercise 3-17 Here is the ledger for Ivanhoe Company. Oct. 1 Oct. 10 Oct. 10 Oc

Question

*Exercise 3-17 Here is the ledger for Ivanhoe Company. Oct. 1 Oct. 10 Oct. 10 Oct. 20 Oct. 25 Cash 8,430 Oct. 4 2,410 Oct. 12 9,430 Oct. 15 1,830 2,930 350 400 600 800 Oct. 30 3,430 Oct. 31 Accounts Receivable 900 Oct. 20 1,020 Oct. 6 800 Oct. 20 Supplies 1,830 Oct. 31 Equipment Oct. 4 1,610 Oct. 3 4,430 Notes Payable Oct. 10 9,430 Accounts Payable 2,930 Oct. 3 Common Stock Oct. 12 4,430 Oct. 1 8,430 Oct. 25 3,430 Dividends Oct. 30 400 Service Revenue Oct. 6 Oct. 10 Oct. 20 900 2,410 1,020 Salaries and Wages Expense Oct. 31 600 Supplies Expense 1,610 Rent Expense Oct. 31 Oct. 15 350

Explanation / Answer

01-Oct Cash 8430          Common stock 8430 10-Oct Cash 2410          Service revenue 2410 10-Oct Cash 9430           Notes payable 9430 20-Oct Cash 800           Accounts receivable 800 20-Oct Accounts receivable 1020            Service revenue 1020 Trial balance Debit Credit Cash 18390 Accounts receivable 1120 Supplies 220 Equipment 4430 Notes payable 9430 Accounts payable 1500 Common stock 11860 Dividends 400 Service revenue 4330 Salaries and wages expense 600 Supplies expense 1610 Rent expense 350 Total 27120 27120

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