debit
cash 12,532
Acc. Receivable 10,536
Supplies 3,512
Equipment 25,950
total= $52,530
credit:
Accounts payable 15,800
Unearned revenue 1,730
common stock 35,000
total= $52,530
The July transactions were as follows.
July 8 Received $5,189 in cash on June 30 accounts receivable
9 Paid employee salaries $2,100
11 Received $5,100 in cash for services provided
14 Paid creditors $10,750 of accounts payable
17 Purchased supplies on account $520
22 Billed customers for services provided $4,700
30 Paid employee salaries $3,114, utilities $1, 467, and repairs $492
31 Paid $400 cash dividend
(a) prepare a general ledger using T accounts. Enter the opening balances in the ledger accounts as of July 1. Provision should be made for the following additional accounts: dividends, dry cleaning revenue, repair expense, salaries expense, and utilities expense
(b) Journalize the transactions, including explanations
(c) Post to the ledger accounts
(d) Prepare a trial balance on July 31, 2007