Account Common stock Cash Land Equipment Accounts payable Cash Accounts receivable Service revenue Cash Accounts receivable Supplies Cash Cash Unearned fees Dividends Cash Salaries expense Cash Rent expense Cash Utilities expense Cash Cash Rent revenue Debit 189,000 119,700 69,300 264,600 151,200 18,900 25, 200 18,900 151,200 37,800 12,600 44,100 Credit 189,000 31,500 157,500 264,600 151,200 18,900 25, 200 18,900 151,200 37,800 12,600 44,100 Required: 1) Post the transactions to the T-accounts. 2) Prepare the trial balance.

Account Common stock Cash Land Equipment Accounts payable Cash Accounts receivable Service revenue Cash Accounts receivable Supplies Cash Cash Unearned fees Dividends Cash Salaries expense Cash Rent expense Cash Utilities expense Cash Cash Rent revenue Debit 189,000 119,700 69,300 264,600 151,200 18,900 25, 200 18,900 151,200 37,800 12,600 44,100 Credit 189,000 31,500 157,500 264,600 151,200 18,900 25, 200 18,900 151,200 37,800 12,600 44,100 Required: 1) Post the transactions to the T-accounts. 2) Prepare the trial balance.

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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