The T-accounts below summarize the ledger of Metlock, Inc. at the end of the first month of operations. Cash 14,000 Apr. 15 Apr. 1 510 600 Apr. 25 3,350 Apr. 12 Apr. 29 510 Apr. 30 760 Accounts Receivable 4,100 Apr. 29 Apr. 7 510 Supplies Apr. 4 6,100 Accounts Payable 3,350 Apr. 4 6,100 Apr. 25 Unearned Service Revenue Apr. 30 Common Stock Apr. 1 14,000 Service Revenue Apr. 7 4,100 600 Apr. 12 Salaries and Wages Expense Apr. 15 510 Prepare the journal entries that resulted in the amounts posted to the accounts. Present them in the order they occurred. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Account Titles and Explanation Date Credit
The T-accounts below summarize the ledger of Metlock, Inc. at the end of the first month of operations. Cash 14,000 Apr. 15 Apr. 1 510 600 Apr. 25 3,350 Apr. 12 Apr. 29 510 Apr. 30 760 Accounts Receivable 4,100 Apr. 29 Apr. 7 510 Supplies Apr. 4 6,100 Accounts Payable 3,350 Apr. 4 6,100 Apr. 25 Unearned Service Revenue Apr. 30 Common Stock Apr. 1 14,000 Service Revenue Apr. 7 4,100 600 Apr. 12 Salaries and Wages Expense Apr. 15 510 Prepare the journal entries that resulted in the amounts posted to the accounts. Present them in the order they occurred. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.) Debit Account Titles and Explanation Date Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question

Transcribed Image Text:The T-accounts below summarize the ledger of Metlock, Inc. at the end of the first month of operations.
Cash
14,000 Apr. 15
Apr. 1
510
600 Apr. 25
3,350
Apr. 12
Apr. 29
510
Apr. 30
760
Accounts Receivable
4,100 Apr. 29
Apr. 7
510
Supplies
Apr. 4
6,100
Accounts Payable
3,350 Apr. 4
6,100
Apr. 25
Unearned Service Revenue
Apr. 30
Common Stock
Apr. 1
14,000
Service Revenue
Apr. 7
4,100
600
Apr. 12
Salaries and Wages Expense
Apr. 15
510

Transcribed Image Text:Prepare the journal entries that resulted in the amounts posted to the accounts. Present them in the order they occurred. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are
automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Debit
Account Titles and Explanation
Date
Credit
Expert Solution

This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 2 images

Recommended textbooks for you


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,


Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,

Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,

Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON

Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education

Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education