Pls do the one that says “Enter the opening balances in the ledger accounts as at October 1, Write balance..” too with the send one using the templatesThank you! DateDateDateExplanationExplanationExplanationGeneral LedgerAccounts PayableRef.General LedgerCashRef.Accouonts RecievableDebitSuppliesRef.DebitDebitCreditCreditCreditBalanceNo.BalanceNo.No.BalanceDateGeneral JournalAccount Titles and ExplanationsRef.DebitCredit Enter the opening balances in the ledger accounts as at October 1. Write "Balance" in the expla-nation space and insert a check mark (✓) in the reference column. Provision should be madefor the following additional accounts: No. 306 Jane Kent, Drawings, No. 426 Laundry Revenue,No. 726 Salaries Expense, and No. 732 Utilities Expense.Journalize the transactions.Post to the ledger accounts.Prepare a trial balance as at October 31, 2003.The October transactions were as follows:Oct. 5 Received $800 cash from customers on account.10 Billed customers for services performed, $5,500.15 Paid employee salaries, $1,200.17 Performed $400 of services for customers who paid in advance in August.20 Paid $1,600 to creditors on account.22 Received $200 for services provided for cash (i.e., not on account).26 Purchased supplies on account, at a cost of $300.29 Withdrew $500 for personal use.31 Paid utilities, $600.

Answered: Explanation General Ledger Accounts…

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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Pls do the one that says “Enter the opening balances in the ledger accounts as at October 1, Write balance..” too with the send one using the templates Thank you!

Date
Date
Date
Explanation
Explanation
Explanation
General Ledger
Accounts Payable
Ref.
General Ledger
Cash
Ref.
Accouonts Recievable
Debit
Supplies
Ref.
Debit
Debit
Credit
Credit
Credit
Balance
No.
Balance
No.
No.
Balance
Date
General Journal
Account Titles and Explanations
Ref.
Debit
Credit

Enter the opening balances in the ledger accounts as at October 1. Write "Balance" in the expla-
nation space and insert a check mark (✓) in the reference column. Provision should be made
for the following additional accounts: No. 306 Jane Kent, Drawings, No. 426 Laundry Revenue,
No. 726 Salaries Expense, and No. 732 Utilities Expense.
Journalize the transactions.
Post to the ledger accounts.
Prepare a trial balance as at October 31, 2003.
The October transactions were as follows:
Oct. 5 Received $800 cash from customers on account.
10 Billed customers for services performed, $5,500.
15 Paid employee salaries, $1,200.
17 Performed $400 of services for customers who paid in advance in August.
20 Paid $1,600 to creditors on account.
22 Received $200 for services provided for cash (i.e., not on account).
26 Purchased supplies on account, at a cost of $300.
29 Withdrew $500 for personal use.
31 Paid utilities, $600.

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Step 1

The balance in the T accounts are transferred from the transactions of journal entries of the company. The normal balance would increase the balance of T account.

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