Your answer is partially correct. Prepare a general ledger using Taccounts. Enter the opening balances in the ledger accounts as of Octobe Cash Oct. 1 Bal. 5200 Oct. 31 5200 Accounts Receivable Oct. 1 Bal. 6000 Oct. 31 Supplies Oct. 1 Bal. 1500 Oct. 31 Equipment Oct. 1 Bal. 7500 Oct. 31 Accounts Payable Oct. 31 2800 Oct. 1 Bal. Unearned Revenue Oct. 31 300 Oct. 1 Bal. 300 w. Slowcombe, Capital Oct. 31 13500 Oct. 1 Bal. 13500
Your answer is partially correct. Prepare a general ledger using Taccounts. Enter the opening balances in the ledger accounts as of Octobe Cash Oct. 1 Bal. 5200 Oct. 31 5200 Accounts Receivable Oct. 1 Bal. 6000 Oct. 31 Supplies Oct. 1 Bal. 1500 Oct. 31 Equipment Oct. 1 Bal. 7500 Oct. 31 Accounts Payable Oct. 31 2800 Oct. 1 Bal. Unearned Revenue Oct. 31 300 Oct. 1 Bal. 300 w. Slowcombe, Capital Oct. 31 13500 Oct. 1 Bal. 13500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Below is the trial balance of Slowcombe Services on September 30, 2021.
SLOWCOMBE SERVICES
Trial Balance
September 30, 2021
Debit
Credit
Cash
$7,500
Accounts receivable
2,000
Supplies
1,500
Equipment
7,500
Accounts payable
$ 4,000
Unearned revenue
800
W. Slowcombe, capital
13,700
$ 18,500
$ 18,500
The October transactions were as follows:
Oct. 5
Received $ 1,000 in cash from customers for accounts receivable due.
10
Billed customers for services performed in the amount of $ 5,000.
15
Paid employee salaries of $ 1,000.
17
Performed $ 500 of services for customers who paid in advance in August.
20
Paid $ 1,200 to creditors for accounts payable due.
29
William Slowcombe withdraws $ 200 cash for personal use.
30
Paid utilities of $ 400.
31
Paid $ 500 for maintenance expense.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe8c8790d-5d93-4219-b938-1c16754b026b%2F658921d1-a312-4f18-af4a-d5f797db674a%2Ff6qlk3g_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Below is the trial balance of Slowcombe Services on September 30, 2021.
SLOWCOMBE SERVICES
Trial Balance
September 30, 2021
Debit
Credit
Cash
$7,500
Accounts receivable
2,000
Supplies
1,500
Equipment
7,500
Accounts payable
$ 4,000
Unearned revenue
800
W. Slowcombe, capital
13,700
$ 18,500
$ 18,500
The October transactions were as follows:
Oct. 5
Received $ 1,000 in cash from customers for accounts receivable due.
10
Billed customers for services performed in the amount of $ 5,000.
15
Paid employee salaries of $ 1,000.
17
Performed $ 500 of services for customers who paid in advance in August.
20
Paid $ 1,200 to creditors for accounts payable due.
29
William Slowcombe withdraws $ 200 cash for personal use.
30
Paid utilities of $ 400.
31
Paid $ 500 for maintenance expense.
![(a)
Your answer is partially correct.
Prepare a general ledger using Taccounts. Enter the opening balances in the ledger accounts as of October 1.
Cash
Oct. 1 Bal.
5200
Oct. 31
5200
Accounts Receivable
Oct. 1 Bal.
6000
Oct. 31
Supplies
Oct. 1 Bal.
1500
Oct. 31
Equipment
Oct. 1 Bal.
7500
Oct. 31
Accounts Payable
Oct. 31
2800
Oct. 1 Bal.
Unearned Revenue
Oct. 31
300
Oct. 1 Bal.
300
w. Slowcombe, Capital
Oct. 31
13500
Oct. 1 Bal.
13500](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe8c8790d-5d93-4219-b938-1c16754b026b%2F658921d1-a312-4f18-af4a-d5f797db674a%2F0lvzx5_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(a)
Your answer is partially correct.
Prepare a general ledger using Taccounts. Enter the opening balances in the ledger accounts as of October 1.
Cash
Oct. 1 Bal.
5200
Oct. 31
5200
Accounts Receivable
Oct. 1 Bal.
6000
Oct. 31
Supplies
Oct. 1 Bal.
1500
Oct. 31
Equipment
Oct. 1 Bal.
7500
Oct. 31
Accounts Payable
Oct. 31
2800
Oct. 1 Bal.
Unearned Revenue
Oct. 31
300
Oct. 1 Bal.
300
w. Slowcombe, Capital
Oct. 31
13500
Oct. 1 Bal.
13500
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