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P2 30a accounting

28/12/2020 Client: saad24vbs Deadline: 10 Days

5/21/2018 Bookshelf Online: Horngren's Accounting


https://online.vitalsource.com/#/books/9780133867411/cfi/6/64!/4/2/10/8/2/2/4@0:0 1/3


PRINTED BY: akinmola211@gmail.com. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted.


P2-30A Journalizing transactions, posting journal entries to T-accounts, and preparing a trial balance


Learning Objective 3, 4


4. Total Debits $55,900


Doris Stann started her practice as a design consultant on September 1, 2017. During the first month of operations, the business completed the following transactions:


5/21/2018 Bookshelf Online: Horngren's Accounting


https://online.vitalsource.com/#/books/9780133867411/cfi/6/64!/4/2/10/8/2/2/4@0:0 2/3


Requirements


1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Furniture; Land; Accounts Payable; Utilities Payable; Unearned Revenue; Stann, Capital; Stann, Withdrawals; Service Revenue; Salaries Expense; Rent Expense; Utilities Expense. Explanations are not required.


2. Open a T-account for each of the accounts. 3. Post the journal entries to the T-accounts, using transaction dates as posting


references in the ledger accounts. Label the balance of each account Bal. 4. Prepare the trial balance of Doris Stann, Designer, as of September 30, 2017.


P2-31A


5/21/2018 Bookshelf Online: Horngren's Accounting


https://online.vitalsource.com/#/books/9780133867411/cfi/6/64!/4/2/10/8/2/2/4@0:0 3/3


PRINTED BY: akinmola211@gmail.com. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted.


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