A. Journalize (general journal entries) the November transactions. B. Post journal entries to T accounts and calculate appropriate balance in each T account. C. Create an unadjusted trial balance for Bella's Maid Cleaning Service, Inc. Bella Ball incorporated her company, Bella’s Maid Cleaning Corporation, on November 1, 2018. During November, the company had following transactions occur: 1 Bella purchased $50,000 worth of common stock from Bella's Maids Cleaning Service, Inc. She paid cash for the stock. 1 Company purchased a used car for $12,000, paying $2,000 cash and signed a note for the remainder. 3 Purchased cleaning supplies for $1,200 on account. 5 Paid $1,980 on a 1-year insurance policy, effective December 1, 2018. 7 Filled the work car up at the gas station and paid $65 cash for gasoline. 12 Billed customers $4,250 for cleaning services performed that day. 13 Purchased ink supplies for $125 cash and used it all up all the ink on that day. 19 Paid $750 of amount owed on car and $250 of amount owed on cleaning supplies. 21 Paid $1,450 for employees’ salaries. 23 Bella went out to a customer site and gave an estimate for a job. She estimated the job would be $4,550 when performed. 26 Billed customers $2,300 for cleaning services performed that day. 28 Received full payment on customer's account from the 12th. 31 Paid $1,400 for utilities for the month. Received bill on the same date payment made on invoice. 31 Paid loan payment of $500 for car. That consisted of $75 of interest and the remainder was for principle. 31 Paid employees wages $1,450 The chart of accounts for Bella’s Maid Cleaning Corporation contains the following accounts (you may or may not use all of the accounts): Common Stock, Salaries Expense, Utilities Expense, Accounts Payable, Accounts Receivables, Accumulated Depreciation- Equipment, Salaries Payable, Supplies Expense, Service Revenue, Gasoline Expense, Supplies, Equipment, Depreciation Expense, Insurance Expense Cash, Notes Payable , Prepaid Insurance, Interest Expense

A. Journalize (general journal entries) the November transactions. B. Post journal entries to T accounts and calculate appropriate balance in each T account. C. Create an unadjusted trial balance for Bella's Maid Cleaning Service, Inc. Bella Ball incorporated her company, Bella’s Maid Cleaning Corporation, on November 1, 2018. During November, the company had following transactions occur: 1 Bella purchased $50,000 worth of common stock from Bella's Maids Cleaning Service, Inc. She paid cash for the stock. 1 Company purchased a used car for $12,000, paying $2,000 cash and signed a note for the remainder. 3 Purchased cleaning supplies for $1,200 on account. 5 Paid $1,980 on a 1-year insurance policy, effective December 1, 2018. 7 Filled the work car up at the gas station and paid $65 cash for gasoline. 12 Billed customers $4,250 for cleaning services performed that day. 13 Purchased ink supplies for $125 cash and used it all up all the ink on that day. 19 Paid $750 of amount owed on car and $250 of amount owed on cleaning supplies. 21 Paid $1,450 for employees’ salaries. 23 Bella went out to a customer site and gave an estimate for a job. She estimated the job would be $4,550 when performed. 26 Billed customers $2,300 for cleaning services performed that day. 28 Received full payment on customer's account from the 12th. 31 Paid $1,400 for utilities for the month. Received bill on the same date payment made on invoice. 31 Paid loan payment of $500 for car. That consisted of $75 of interest and the remainder was for principle. 31 Paid employees wages $1,450 The chart of accounts for Bella’s Maid Cleaning Corporation contains the following accounts (you may or may not use all of the accounts): Common Stock, Salaries Expense, Utilities Expense, Accounts Payable, Accounts Receivables, Accumulated Depreciation- Equipment, Salaries Payable, Supplies Expense, Service Revenue, Gasoline Expense, Supplies, Equipment, Depreciation Expense, Insurance Expense Cash, Notes Payable , Prepaid Insurance, Interest Expense

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

100%

A. Journalize (general journal entries) the November transactions.

B. Post journal entries to T accounts and calculate appropriate balance in each T account.

C. Create an unadjusted trial balance for Bella's Maid Cleaning Service, Inc.

Bella Ball incorporated her company, Bella’s Maid Cleaning Corporation, on November 1, 2018. During November,
the company had following transactions occur:

1	Bella purchased $50,000 worth of common stock from Bella's Maids Cleaning Service, Inc. She paid cash for the stock.
1	Company purchased a used car for $12,000, paying $2,000 cash and signed a note for the remainder.
3	Purchased cleaning supplies for $1,200 on account.
5	Paid $1,980 on a 1-year insurance policy, effective December 1, 2018.
7	Filled the work car up at the gas station and paid $65 cash for gasoline.
12	Billed customers $4,250 for cleaning services performed that day.
13	Purchased ink supplies for $125 cash and used it all up all the ink on that day.
19	Paid $750 of amount owed on car and $250 of amount owed on cleaning supplies.
21	Paid $1,450 for employees’ salaries.
23	Bella went out to a customer site and gave an estimate for a job. She estimated the job would be $4,550 when performed.
26	Billed customers $2,300 for cleaning services performed that day.
28	Received full payment on customer's account from the 12th.
31	Paid $1,400 for utilities for the month. Received bill on the same date payment made on invoice.
31	Paid loan payment of $500 for car. That consisted of $75 of interest and the remainder was for principle.
31	Paid employees wages $1,450


The chart of accounts for Bella’s Maid Cleaning Corporation contains the following accounts (you may or may not use all of the accounts):
Common Stock, Salaries Expense, Utilities Expense, Accounts Payable, Accounts Receivables, Accumulated Depreciation- Equipment,
Salaries Payable, Supplies Expense, Service Revenue, Gasoline Expense, Supplies, Equipment, Depreciation Expense, Insurance Expense
Cash, Notes Payable , Prepaid Insurance, Interest Expense

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.