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Lesson

bk

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Marvin Marquez
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120 views14 pages

Lesson

bk

Uploaded by

Marvin Marquez
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
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Pe DEMONSTRATION PROBLEM 1 DP3.1 ‘The trial balance of irene’s Laundry on June 30 is shown below: _IRENE’S COIN LAUNDRY Trial Balance June 30, 2007 ; DEBIT CREDIT Cash 8,750 ‘Accounts receivable 2,320 Supplies 1,900 Equipment 9,000 ‘Accounts payable 5,500 Unearned Revenue 800 Irene Bora, Capita 15,670 July Transactions were as follows: “uly Received 850 cash from customers on account. "10 Billed customers for services performed, 6,300 ‘employee salaries, 1,400 Paid 2,000 to creditors on account. Received 250 for services rendered on a cash basis < Purchased supplies on account, at a cost of 350. Withdrew 600 for personal use. Paid stilities 900. \L INFORMATION, ould be made for the following additional accounts: No. 306 Irene Bora, Drawings, No. 426 je, No. 726 Salaries Expense, and No. 732tlties Expense, . NS; USING THE SHEETS PROVIDED, SUBMIT THE FOLLOWING: f of Accounts Journal Entries Ledger postings for the month Merchandising JOURNAL Page No: PARTICULARS peeir CREDIT 11} Cosh PE So0.00 F. Horio, Capital 5,500.00. To tecare! tre ledger of Hawk He ef | | __beaayning,- aa} Purchace Accdunts Royale 4 To revaid pwchared nexhondise. on Ocenunt cwoun} Receyabte. Jobes To reed frescrondve on Ocunuit Accoudl 20.00 oudks Payable __ Purchae Returor one Gllouonces To recoil Recented) crechit (r0n0 whokesale capo Freigh? out | (ath Jo record freqght on Aonl 2 Date Apal 18 ay as mG 30 Merchonciang Rarheulare Debit Freght In P 230.00 cash To rend pad Freignt on Apoti7 Cosh sales Yo record SOA meichan dice. mea 4,100.00 Cash To reer wicichandice fro Hennen Inc 6,300.00 Cash 4,300.00 Account Pecenable Jo revordl catiechonie tn full Fates Refurne 4 Alowcnes y20 00 Gath Jo reuord regunds gor oth Cuttoners Aeucunts payable coh qo rewrd wholeiole supply 9 full - Acomirpecenaote 4,000 0 44,7020 120.00 4,090.00

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