PROBLEM 3:The T accounts below summarize the ledger of Simon Landscaping Company at theend of the first month of operations.CashNo. 101Unearned RevenueNo. 20515,000 4/154/254/14/124/294/306004/301,0009004001,0001,500No. 112J. Simon, CapitalAccounts ReceivableNo. 3014/73,200 | 4/294004/115,000No. 126No, 400Supplies1,800Service Revenue4/74/123,2009004/4No. 201Salaries ExpenseNo. 726Accounts Payable1,500 | 4/44/251,8004/15600REQUIRED:(A) PREPARE THE COMPLETE GENERAL JOURNAL (INCLUDING EXPLANATION) FROM WHICH THEPOSTINGS TO CASH WERE MADE.(B) PREPARE A TRIAL BALANCE AT APRIL 30, 2010.

These are the accounting transactions that are having a monetary impact on the financial statement…

The T accounts below summarize the ledger of Simon end of the first month of operations. Cash No. 101 Un 15,000 4/15 #/1 /12 #/29 /30 600 900 4/25 1,500 400 1,000 No. 112 Accounts Receivable 3,200 | 4/29 400 Supplies No. 126

The T accounts below summarize the ledger of Simon end of the first month of operations. Cash No. 101 Un 15,000 4/15 #/1 /12 #/29 /30 600 900 4/25 1,500 400 1,000 No. 112 Accounts Receivable 3,200 | 4/29 400 Supplies No. 126

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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Concept explainers

Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

Question

PROBLEM 3:
The T accounts below summarize the ledger of Simon Landscaping Company at the
end of the first month of operations.
Cash
No. 101
Unearned Revenue
No. 205
15,000 4/15
4/25
4/1
4/12
4/29
4/30
600
4/30
1,000
900
400
1,000
1,500
No. 112
J. Simon, Capital
Accounts Receivable
No. 301
4/7
3,200 | 4/29
400
4/1
15,000
No. 126
No, 400
Supplies
1,800
Service Revenue
4/7
4/12
3,200
900
4/4
No. 201
Salaries Expense
No. 726
Accounts Payable
1,500 | 4/4
4/25
1,800
4/15
600
REQUIRED:
(A) PREPARE THE COMPLETE GENERAL JOURNAL (INCLUDING EXPLANATION) FROM WHICH THE
POSTINGS TO CASH WERE MADE.
(B) PREPARE A TRIAL BALANCE AT APRIL 30, 2010.

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