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Answer Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Security Service Revenue Advertising Expense Salaries & Wages Exp Rent Expense Repairs & Maintenance Exp Utility Expense Beyers Corporation Trial Balance October 31, 2022 Account Debit Credit Totals

Answer Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Security Service Revenue Advertising Expense Salaries & Wages Exp Rent Expense Repairs & Maintenance Exp Utility Expense Beyers Corporation Trial Balance October 31, 2022 Account Debit Credit Totals

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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Answer Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Security Service Revenue Advertising Expense Salaries & Wages Exp Rent Expense Repairs & Maintenance Exp Utility Expense Beyers Corporation Trial Balance October 31, 2022 Account Debit Credit Totals
Transcribed Image Text:Answer Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Security Service Revenue Advertising Expense Salaries & Wages Exp Rent Expense Repairs & Maintenance Exp Utility Expense Beyers Corporation Trial Balance October 31, 2022 Account Debit Credit Totals
.17 (LO 2, 3, 4), AP Beyers Corporation provides security services. Selected transactions for yers are as follows. Oct. Issued common stock in exchange for $66,000 cash from investors. 1 Hired part-time security consultant. Salary will be $2,00o per month. First day of work will be October 15. 2 4 Paid one month of rent for building for $2,000. Purchased equipment for $18,000, paying $4,000 cash and the balance on 7 account. Paid $500 for advertising. Received bill for equipment repair cost of $390. 8 10 12 Provided security services for event for $3,200 on account. 16 Purchased supplies for $410 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $148. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $5,100. structions . Journalize the transactions. Do not provide explanations. o. Post the transactions to T-accounts. c. Prepare a trial balance at October 31, 2022. (Hint: Compute ending balances of T-accounts first.)
Transcribed Image Text:.17 (LO 2, 3, 4), AP Beyers Corporation provides security services. Selected transactions for yers are as follows. Oct. Issued common stock in exchange for $66,000 cash from investors. 1 Hired part-time security consultant. Salary will be $2,00o per month. First day of work will be October 15. 2 4 Paid one month of rent for building for $2,000. Purchased equipment for $18,000, paying $4,000 cash and the balance on 7 account. Paid $500 for advertising. Received bill for equipment repair cost of $390. 8 10 12 Provided security services for event for $3,200 on account. 16 Purchased supplies for $410 on account. 21 Paid balance due from October 7 purchase of equipment. 24 Received and paid utility bill for $148. 27 Received payment from customer for October 12 services performed. 31 Paid employee salaries and wages of $5,100. structions . Journalize the transactions. Do not provide explanations. o. Post the transactions to T-accounts. c. Prepare a trial balance at October 31, 2022. (Hint: Compute ending balances of T-accounts first.)
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