Answered: Prepare Trail Balance

Name: Prepare Trail Balance Dec 1 James Johnson Invested $30,000 in the busi
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Prepare Trail Balance Dec 1 James Johnson Invested $30,000 in the business. Dec 1 Paid $1,200 for one year of office rent Dec 3-Purchased Supplies for $700 cash. Dec 3- Purchased a Computer on account, $1600. Dec 4-Purchased Furniture for office on a

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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Prepare Trail Balance

Dec 1 James Johnson Invested $30,000 in the business.

Dec 1 Paid $1,200 for one year of office rent

Dec 3-Purchased Supplies for $700 cash.

Dec 3- Purchased a Computer on account, $1600.

Dec 4-Purchased Furniture for office on account, $2,700.

Dec 4-Performed Consulting Services for $900 cash. Payment was received immediately upon completion of services.

Dec 7-Performed Consulting Services on account, $1,400

Dec 9-Paid Telephone bill, $40

Dec 11-Paid for heat & electricity, $75

Dec 15- Consulting services were provided to client on account, $1100.

Dec 21 Paid employees $1200

Dec 30-Johnson withdrew $2,000 for personal use

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