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a. Calculate the final balance of each ledger account. b. Prepare a trial balance from the final ledger account balances. Bank Date Apr 3 Apr 15 Apr 20 Accounts Receivable Date Apr 1 Memo Balance Forward Apr 15 Memo Balance Forward Office Supplies Prepaid Date Memo Office Equipment Date Memo Balance Forward Debit Debit 140000 Debit Debit 2100 Credit Credit 4000 2100 450 Credit Credit # 101 Balance #105 Balance # 115 19600 Dr. # 120 8400 Dr. Balance Balance 2500 Dr. Reechai Company Trial Balance April 30, 20-- # 101 Bank 105 Accounts Receivable 115 Office Supplies Prepaid 120 Office Equipment Account Name 130 Building 205 Accounts Payable 215 Bank Loan Payable 310 Capital 401 Sales 502 Advertising Expense 521 Office Supplies Expense 533 Rent Expense 540 Telephone Expense 555 Utilities Expense Totals Debit Credit

a. Calculate the final balance of each ledger account. b. Prepare a trial balance from the final ledger account balances. Bank Date Apr 3 Apr 15 Apr 20 Accounts Receivable Date Apr 1 Memo Balance Forward Apr 15 Memo Balance Forward Office Supplies Prepaid Date Memo Office Equipment Date Memo Balance Forward Debit Debit 140000 Debit Debit 2100 Credit Credit 4000 2100 450 Credit Credit # 101 Balance #105 Balance # 115 19600 Dr. # 120 8400 Dr. Balance Balance 2500 Dr. Reechai Company Trial Balance April 30, 20-- # 101 Bank 105 Accounts Receivable 115 Office Supplies Prepaid 120 Office Equipment Account Name 130 Building 205 Accounts Payable 215 Bank Loan Payable 310 Capital 401 Sales 502 Advertising Expense 521 Office Supplies Expense 533 Rent Expense 540 Telephone Expense 555 Utilities Expense Totals Debit Credit

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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a. Calculate the final balance of each ledger account.

PLEASE SEE ATTACHED FOR WORK

Building Date Accounts Payable Date Apr 3 Bank Loan Payable Date Memo Balance Forward Sales Date Memo Balance Forward Capital, R. L. Reechai Date Apr 1 Memo Balance Forward Memo Balance Forward Memo Balance Forward Debit Debit Debit Debit Debit 4000 Credit Credit Credit Credit Credit 140000 # 130 Balance #205 Balance #215 50000 Dr. # 310 Balance 7000 Cr. # 401 20000 Cr. Balance 60000 Cr. Balance 18000 Cr.
Transcribed Image Text:Building Date Accounts Payable Date Apr 3 Bank Loan Payable Date Memo Balance Forward Sales Date Memo Balance Forward Capital, R. L. Reechai Date Apr 1 Memo Balance Forward Memo Balance Forward Memo Balance Forward Debit Debit Debit Debit Debit 4000 Credit Credit Credit Credit Credit 140000 # 130 Balance #205 Balance #215 50000 Dr. # 310 Balance 7000 Cr. # 401 20000 Cr. Balance 60000 Cr. Balance 18000 Cr.
AS1_Day5 a. Calculate the final balance of each ledger account. b. Prepare a trial balance from the final ledger account balances. Bank Date Apr 3 Apr 15 Apr 20 Accounts Receivable Date Apr 1 Memo Balance Forward Date Office Supplies Prepaid Memo Apr 15 Memo Balance Forward Office Equipment Date Memo Balance Forward Debit Debit 140000 Debit Debit 2100 Credit 4000 2100 450 Credit Credit Credit # 101 Balance #105 Balance # 115 19600 Dr. #120 8400 Dr. Balance Balance 2500 Dr. Reechai Company Trial Balance April 30, 20-- 310 Capital 401 Sales # 101 Bank 105 Accounts Receivable 115 Office Supplies Prepaid 120 Office Equipment Account Name 130 Building 205 Accounts Payable 215 Bank Loan Payable 502 Advertising Expense 521 Office Supplies Expense 533 Rent Expense 540 Telephone Expense 555 Utilities Expense Totals Debit Credit
Transcribed Image Text:AS1_Day5 a. Calculate the final balance of each ledger account. b. Prepare a trial balance from the final ledger account balances. Bank Date Apr 3 Apr 15 Apr 20 Accounts Receivable Date Apr 1 Memo Balance Forward Date Office Supplies Prepaid Memo Apr 15 Memo Balance Forward Office Equipment Date Memo Balance Forward Debit Debit 140000 Debit Debit 2100 Credit 4000 2100 450 Credit Credit Credit # 101 Balance #105 Balance # 115 19600 Dr. #120 8400 Dr. Balance Balance 2500 Dr. Reechai Company Trial Balance April 30, 20-- 310 Capital 401 Sales # 101 Bank 105 Accounts Receivable 115 Office Supplies Prepaid 120 Office Equipment Account Name 130 Building 205 Accounts Payable 215 Bank Loan Payable 502 Advertising Expense 521 Office Supplies Expense 533 Rent Expense 540 Telephone Expense 555 Utilities Expense Totals Debit Credit
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