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
icon
Related questions
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.
Transcribed Image Text: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.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Double entry bookkeeping system
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education