prepare the trial balance
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Required:
Please prepare the
![16 Cash
Sales Discount
Accounts Receivable
To record purchase equipment on account
16 Accounts Receivable
Sales
To record purchase equipment on account
17 Purchases
Notes Payable
To record purchase equipment on account
18 Purchases
Accounts Receivable
To record purchase equipment on account
19
Accounts Receivable
Sales
To record purchase equipment on account
19 Freight-Out
Cash
To record purchase equipment on account
19 Purchases
Accounts Payable
To record purchase equipment on account
20
Accounts Receivable
To record purchase equipment on account
Accounts Receivable
To record purchase equipment on account
Sales Returns and Allowances
Accounts Receivable
To record purchase equipment on account
Accounts Payable
Purchase Return and Allowances
To record purchase equipment on account
Cash
Sales Discounts
21
21
21
23 Cash
Cash
101
403
103.
103
401
501
202
501
103
103
401
603
101
501
201
101
403
101
103
402
103
201
503
101
12,000.00
8,000.00
23,000.00
8,000.00
18,000.00
14,000.00
2,200.00
16,000.00
9,000.00
1,000.00
10,000.00
4,000.00
2,500.00
1,000.00
20,000.00
23,000.00
8,000.00
18,000.00
14,000.00
2,200.00
16,000.00
10,000.00
10,000.00
4,000.00
2,500.00
Accounts Receivable
To record purchase equipment on account
To record purchase equipment on account
To record purchase equipment on account
Purchase Return and Allowances
To record purchase equipment on account
To record purchase equipment on account
Accounts Receivable
To record purchase equipment on account
29 Purchases
Accounts Receivable
To record purchase equipment on account
30 RRR Drawings
Cash
To record purchase equipment on account
30 Prepaid Insurance
Cash
To record purchase equipment on account
30 Sales Salaries Expense
Office Salaries Expense
Cash
To record purchase equipment on account
30 Light and Water Expense
Cash
To record purchase equipment on account
30 Prepaid Rent
Cash
25 Accounts Receivable
Sales
26 Notes Receivable
Sales
27 Cash
28 Sales Returns and Allowances
Cash
29 Cash
Sales Discount
103
103 26,000.00
401
6,000.00
202
401
101
503
2,000.00
1,200.00
402
101
101
8,820.00
403
180.00
102
501 20,000.00
103
12,000.00
302
101
24,000.00
107
101
601
12,000.00
15,000.00
704
101
706 20,500.00
101
4,000.00
105
101
1,000.00
26,000.00
6,000.00
2,000.00
1,200.00
9,000.00
20,000.00
12,000.00
24,000.00
27,000.00
20,500.00
4,000.00
30
30
To record purchase equipment on account
To record purchase equipment on account
Purchase Discount
Cash
To record purchase equipment on account
Cash
Sales
Accounts Payable
101 46,000.00
401
20,000.00
201
504
101
46,000.00
600.00
19,400.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa42ac41d-e997-4ad4-9025-efc6cf23e331%2Fa2180dd8-b6e3-4f44-a837-99b232865786%2Fz5fsgyp_processed.jpeg&w=3840&q=75)
Transcribed Image Text:16 Cash
Sales Discount
Accounts Receivable
To record purchase equipment on account
16 Accounts Receivable
Sales
To record purchase equipment on account
17 Purchases
Notes Payable
To record purchase equipment on account
18 Purchases
Accounts Receivable
To record purchase equipment on account
19
Accounts Receivable
Sales
To record purchase equipment on account
19 Freight-Out
Cash
To record purchase equipment on account
19 Purchases
Accounts Payable
To record purchase equipment on account
20
Accounts Receivable
To record purchase equipment on account
Accounts Receivable
To record purchase equipment on account
Sales Returns and Allowances
Accounts Receivable
To record purchase equipment on account
Accounts Payable
Purchase Return and Allowances
To record purchase equipment on account
Cash
Sales Discounts
21
21
21
23 Cash
Cash
101
403
103.
103
401
501
202
501
103
103
401
603
101
501
201
101
403
101
103
402
103
201
503
101
12,000.00
8,000.00
23,000.00
8,000.00
18,000.00
14,000.00
2,200.00
16,000.00
9,000.00
1,000.00
10,000.00
4,000.00
2,500.00
1,000.00
20,000.00
23,000.00
8,000.00
18,000.00
14,000.00
2,200.00
16,000.00
10,000.00
10,000.00
4,000.00
2,500.00
Accounts Receivable
To record purchase equipment on account
To record purchase equipment on account
To record purchase equipment on account
Purchase Return and Allowances
To record purchase equipment on account
To record purchase equipment on account
Accounts Receivable
To record purchase equipment on account
29 Purchases
Accounts Receivable
To record purchase equipment on account
30 RRR Drawings
Cash
To record purchase equipment on account
30 Prepaid Insurance
Cash
To record purchase equipment on account
30 Sales Salaries Expense
Office Salaries Expense
Cash
To record purchase equipment on account
30 Light and Water Expense
Cash
To record purchase equipment on account
30 Prepaid Rent
Cash
25 Accounts Receivable
Sales
26 Notes Receivable
Sales
27 Cash
28 Sales Returns and Allowances
Cash
29 Cash
Sales Discount
103
103 26,000.00
401
6,000.00
202
401
101
503
2,000.00
1,200.00
402
101
101
8,820.00
403
180.00
102
501 20,000.00
103
12,000.00
302
101
24,000.00
107
101
601
12,000.00
15,000.00
704
101
706 20,500.00
101
4,000.00
105
101
1,000.00
26,000.00
6,000.00
2,000.00
1,200.00
9,000.00
20,000.00
12,000.00
24,000.00
27,000.00
20,500.00
4,000.00
30
30
To record purchase equipment on account
To record purchase equipment on account
Purchase Discount
Cash
To record purchase equipment on account
Cash
Sales
Accounts Payable
101 46,000.00
401
20,000.00
201
504
101
46,000.00
600.00
19,400.00
![DATE
2021
JUNE 1 Cash
1
1
1
1
1
1
1
2
3
5
Office Equipment
Merchandise Inventory
RRR Capital
To record paid licenses and permits
Taxes & License Expense
Cash
To record paid licenses and permits
Accounts Payable
To record purchase equipment on account
Office Equipment
Freight-In
To record purchase equipment on account
Prepaid Rent
Cash
To record purchase equipment on account
Supplies Inventory
Cash
To record purchase equipment on account
Accounts Payable
Cash
To record purchase equipment on account
Prepaid Advertising
Cash
To record purchase equipment on account
Purchases
Cash
To record purchase equipment on account
Sales
To record purchase equipment on account
Purchases
Freight-In
GENERAL JOURNAL
PARTICULARS
Cash
Furniture and Fixtures
F
DEBIT
101
109
500,000.00
50,000.00
301
705
1,260.00
101
48,000.00
123
201
2,000.00
123
502
105 45,000.00
101
1,250.00
108
101
501
502
40,000.00
1,600.00
201
101
106 10,000.00
101
501 19,800.00
101
101 82,560.00
401
122
42,650.00
CREDIT
550,000.00
1,260.00
48,000.00
2,000.00
45,000.00
1,250.00
40,000.00
1,600.00
10,000.00
19,800.00
82,560.00
Accounts Payable
To record purchase equipment on account
Furniture and Fixtures
To record purchase equipment on account
Office Equipment
RRR Capital
To record purchase equipment on account
Accounts Payable
Purchases
To record purchase equipment on account
10 Accounts Receivable
Sales
To record purchase equipment on account
10 Freight-Out
Cash
To record purchase equipment on account
11 Accounts Receivable
Sales
To record purchase equipment on account
12 Sales Returns and Allowances
Accounts Receivable
To record purchase equipment on account
15 Sales Salaries Expense
Office Salaries Expense
Cash
To record purchase equipment on account
15 Delivery Van
Cash
Accounts Payable
To record purchase equipment on account
15 Cash
Accounts Receivable
To record purchase equipment on account
6 Accounts Payable
7
8 Purchases
Freight-In
201
2,650.00
201
122
75,000.00
123
301
501
502
16,000.00
800.00
201
501
36,500.00
103
401
603
920.00
101
12,500.00
103
401
6,500.00
402
103
601 12,000.00
701
18,000.00
101
850,000.00
121
101
201
101
20,000.00
103
42,650.00
2,650.00
75,000.00
16,000.00
800.00
36,500.00
920.00
12,500.00
6,500.00
30,000.00
680,000.00
170,000.00
20,000.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa42ac41d-e997-4ad4-9025-efc6cf23e331%2Fa2180dd8-b6e3-4f44-a837-99b232865786%2F39oyp14_processed.jpeg&w=3840&q=75)
Transcribed Image Text:DATE
2021
JUNE 1 Cash
1
1
1
1
1
1
1
2
3
5
Office Equipment
Merchandise Inventory
RRR Capital
To record paid licenses and permits
Taxes & License Expense
Cash
To record paid licenses and permits
Accounts Payable
To record purchase equipment on account
Office Equipment
Freight-In
To record purchase equipment on account
Prepaid Rent
Cash
To record purchase equipment on account
Supplies Inventory
Cash
To record purchase equipment on account
Accounts Payable
Cash
To record purchase equipment on account
Prepaid Advertising
Cash
To record purchase equipment on account
Purchases
Cash
To record purchase equipment on account
Sales
To record purchase equipment on account
Purchases
Freight-In
GENERAL JOURNAL
PARTICULARS
Cash
Furniture and Fixtures
F
DEBIT
101
109
500,000.00
50,000.00
301
705
1,260.00
101
48,000.00
123
201
2,000.00
123
502
105 45,000.00
101
1,250.00
108
101
501
502
40,000.00
1,600.00
201
101
106 10,000.00
101
501 19,800.00
101
101 82,560.00
401
122
42,650.00
CREDIT
550,000.00
1,260.00
48,000.00
2,000.00
45,000.00
1,250.00
40,000.00
1,600.00
10,000.00
19,800.00
82,560.00
Accounts Payable
To record purchase equipment on account
Furniture and Fixtures
To record purchase equipment on account
Office Equipment
RRR Capital
To record purchase equipment on account
Accounts Payable
Purchases
To record purchase equipment on account
10 Accounts Receivable
Sales
To record purchase equipment on account
10 Freight-Out
Cash
To record purchase equipment on account
11 Accounts Receivable
Sales
To record purchase equipment on account
12 Sales Returns and Allowances
Accounts Receivable
To record purchase equipment on account
15 Sales Salaries Expense
Office Salaries Expense
Cash
To record purchase equipment on account
15 Delivery Van
Cash
Accounts Payable
To record purchase equipment on account
15 Cash
Accounts Receivable
To record purchase equipment on account
6 Accounts Payable
7
8 Purchases
Freight-In
201
2,650.00
201
122
75,000.00
123
301
501
502
16,000.00
800.00
201
501
36,500.00
103
401
603
920.00
101
12,500.00
103
401
6,500.00
402
103
601 12,000.00
701
18,000.00
101
850,000.00
121
101
201
101
20,000.00
103
42,650.00
2,650.00
75,000.00
16,000.00
800.00
36,500.00
920.00
12,500.00
6,500.00
30,000.00
680,000.00
170,000.00
20,000.00
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