The October transactions were as follows.Oct. 5 Received $1,510 in cash from customers for accounts receivable due.10 Billed customers for services performed $5,050.15 Paid employee salaries $1,110.17 Performed $570 of services in exchange for cash.20 Paid $1,980 to creditors for accounts payable due.29 Paid a $300 cash dividend.31 Paid utilities $320. Cash Accounts Receivable Supplies Equipment Accounts Payable Unearned Service Revenue Common StockRetained EarningsDividends Service Revenue Salaries and Wages Expense Utilities Expense Post to the ledger accounts. (Post entries in the order of information presented in the question.)Cash10/1Bal.23,880Accounts Receivable10/1Bal.7,280Supplies10/1Bal.4,620 CULLUMBER COMPANYTrial BalanceSeptember 30, 2022DebitCreditCash$ 23,880Accounts Receivable7,280Supplies4,620Equipment10,520Accounts Payable$ 9,480Unearned Service3,620RevenueCommon Stock19,680Retained Earnings13,520$46,300$46,300The October transactions were as follows.Oct. 5Received $1,510 in cash from customers for accounts receivable due.10Billed customers for services performed $5,050.15Paid employee salaries $1,110.17Performed $570 of services in exchange for cash.

Name: The October transactions were as follows.Oct. 5 Received $1,510 in cas
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Description: The October transactions were as follows.Oct. 5 Received $1,510 in cash from customers for accounts receivable due.10 Billed customers for services performed $5,050.15 Paid employee salaries $1,110.17 Performed $570 of services in exchange for cash.2

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Answered: The October transactions were as…

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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The October transactions were as follows.

Oct. 5		Received $1,510 in cash from customers for accounts receivable due.
10		Billed customers for services performed $5,050.
15		Paid employee salaries $1,110.
17		Performed $570 of services in exchange for cash.
20		Paid $1,980 to creditors for accounts payable due.
29		Paid a $300 cash dividend.
31		Paid utilities $320.

Cash

Accounts Receivable

Supplies

Equipment

Accounts Payable

Unearned Service Revenue

Common Stock

Retained Earnings

Dividends

Service Revenue

Salaries and Wages Expense

Utilities Expense

Post to the ledger accounts. (Post entries in the order of information presented in the question.)
Cash
10/1
Bal.
23,880
Accounts Receivable
10/1
Bal.
7,280
Supplies
10/1
Bal.
4,620

CULLUMBER COMPANY
Trial Balance
September 30, 2022
Debit
Credit
Cash
$ 23,880
Accounts Receivable
7,280
Supplies
4,620
Equipment
10,520
Accounts Payable
$ 9,480
Unearned Service
3,620
Revenue
Common Stock
19,680
Retained Earnings
13,520
$46,300
$46,300
The October transactions were as follows.
Oct. 5
Received $1,510 in cash from customers for accounts receivable due.
10
Billed customers for services performed $5,050.
15
Paid employee salaries $1,110.
17
Performed $570 of services in exchange for cash.

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