AccountCashAccounts ReceivableEquipmentBusesNotes PayableGolden Nursery SchoolTrial Balance1/31/2011Accounts PayableT. Kuo, CapitalRequirementsDrBalance2,0701,7001,04017,40022,210i.Trial Balanceii.Income Statementiii.Statement of Equityiv. Balance SheetCr15,0001,6405,5701.Prepare Journal EntriesII.Prepare T accountsIII.Generate ending balances in T accountsIV.Prepare22,210February TransactionsDateDescriptionPaid this month's rent,Received fees for this month's servicesPurchases supplies on accountRe-imbursed bus driver for gasOrdered playground equipmentMade a payment on accountReceived payments from customer on accountBilled customers who had not yet paid for this month's servicesPaid for supplies purchased on 2/2Purchased and received playground equipment ordered on 2/6 forcashPurchsed equipment on accountPaid this month's utility billReceived payment for the month's services from customers previouslybilled2-Feb3-Feb4-Feb5-Feb6-Feb8-Feb9-Feb10-Feb11-Feb13-Feb17-Feb19-Feb22-Feb26-Feb Paid part-time assistants for services27-Feb Purchased gas and oil for bus on account28-Feb Made a cash withdrawlAmount40065085401,0001701,2007001,000290145500460325200

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Account Golden Nursery School Trial Balance 1/31/2011 Cash Accounts Receivable Equipment Buses Notes Payable Accounts Payable T. Kuo, Capital Requirements Dr Balance 2,070 1,700 1,040 17,400 22,210 Cr 15,000 1,640 5,570 22,210 1.Prepare Journal Entries II.Prepare T accounts III.Generate ending balances in T accounts February Transactions Date Description Paid this month's rent, Received fees for this month's services Purchases supplies on account Re-imbursed bus driver for gas Ordered playground equipment Made a payment on account 2-Feb 3-Feb 4-Feb 5-Feb 6-Feb 8-Feb 9-Feb Received payments from customer on account 10-Feb Billed customers who had not yet paid for this month's services 11-Feb Paid for supplies purchased on 2/2 Purchased and received playground equipment ordered on 2/6 for 13-Feb cash 17-Feb Purchsed equipment on account 19-Feb Paid this month's utility bill 22-Feb Received payment for the month's services from customers previously billed 26-Feb Paid part-time assistants for services 27-Feb Purchased gas and oil for bus on account 28-Feb Made a cash withdrawl Amount ******** 1,000 1,200 1,000 290 145 500 460 325 200

Account Golden Nursery School Trial Balance 1/31/2011 Cash Accounts Receivable Equipment Buses Notes Payable Accounts Payable T. Kuo, Capital Requirements Dr Balance 2,070 1,700 1,040 17,400 22,210 Cr 15,000 1,640 5,570 22,210 1.Prepare Journal Entries II.Prepare T accounts III.Generate ending balances in T accounts February Transactions Date Description Paid this month's rent, Received fees for this month's services Purchases supplies on account Re-imbursed bus driver for gas Ordered playground equipment Made a payment on account 2-Feb 3-Feb 4-Feb 5-Feb 6-Feb 8-Feb 9-Feb Received payments from customer on account 10-Feb Billed customers who had not yet paid for this month's services 11-Feb Paid for supplies purchased on 2/2 Purchased and received playground equipment ordered on 2/6 for 13-Feb cash 17-Feb Purchsed equipment on account 19-Feb Paid this month's utility bill 22-Feb Received payment for the month's services from customers previously billed 26-Feb Paid part-time assistants for services 27-Feb Purchased gas and oil for bus on account 28-Feb Made a cash withdrawl Amount ******** 1,000 1,200 1,000 290 145 500 460 325 200

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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