Explanation Journal entry : A journal entry refers to the logging of a transaction into accounting journal items. The journal entry consists of different recordings, each of which is a debit or credit. The first step in the accounting process is analyzing the transactions and recording them as journal entries. T-account: A T-account is an account used to represent a general ledger account. The title of the account is present at the top. The left side of the base of T denotes the debit amount and the right side denotes the credit amount. Trial Balance: A trial balance can be defined as a bookkeeping worksheet wherein the balances of the ledgers of a company are brought together into the debit column and the credit column. A trial balance is prepared by a company periodically, generally at the end of an accounting period. It is usually prepared to make sure that the entries in the bookkeeping system of a company are correct and true. Prepare the general ledgers of the company as on 30 June, 2018. Cash a/c No.100 Date Explanation Ref. Debit Credit Balance June 2 Common stock 80,000 80,000 June 8 Office supplies 8,000 72,000 June 15 Wage expenses 8,000 64,000 June 20 Furniture 10,000 54,000 June 22 Sales revenue 120,000 174,000 Table (1) Office Supplies a/c No.101 Date Explanation Ref. Debit Credit Balance June 8 Cash 8,000 8,000 Table (2) Furniture a/c No.121 Date Explanation Ref. Debit Credit Balance June 20 Cash 25,000 25,000 Table (3) Notes payable a/c No...

2nd Edition

ISBN: 9780134730370

Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella

Publisher: PEARSON

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Chapter 4, Problem 4.11E

To determine

To prepare: The unadjusted trial balance of D Company.

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Chapter 4, Problem 4.10E

Chapter 4, Problem 4.12E

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Chapter 4 Solutions

Intermediate Accounting (2nd Edition)

Ch. 4 - Prob. 4.1Q Ch. 4 - ShoeBuy uses reversing entries for events such as...Ch. 4 - What is equity? What are the three components of...Ch. 4 - Prob. 4.4Q Ch. 4 - Will all transactions have a dual effect on the...Ch. 4 - Prob. 4.6Q Ch. 4 - What is meant by the term normal balance? Provide...Ch. 4 - Why is the general journal referred to as the book...Ch. 4 - Are account balances found in the general ledger?...Ch. 4 - What is the purpose of an unadjusted trial...

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The unadjusted trial balance of D Company.

Solution Summary: The author explains that a journal entry consists of different recordings, each of which is an account debit or credit. A trial balance is prepared periodically, generally at the end of an accounting period.

To prepare: The unadjusted trial balance of D Company.

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Chapter 4 Solutions