The T-accounts below summarize the ledger of Daggett Landscaping Company at the

Question

The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first month of operations. 12,000 4/1s 900 4/25 1,300 1,500 4/12 4/30 1,000 3,200 4/29 No. 126 ,800 Accounts Payable No. 201 1,500 4/4 1,800 Service Revenue No. 209 4/30 Owner's Capital No. 301 12,000 No. 400 3,200 Service Revenue Salaries and Wages Expense No. 726 1,300 Prepare the complete general journal from which the postings to Cash were journal entries in the order presented in the problem. Ir no entry is required, select "No made. (Credit account titles are automatically indented when amoun Entry for the account titles and enter O for the a Account Titles and Explanation Owner's investment of cash in business) MacBook Pro 2 3 4 Q WE

Explanation / Answer

Q1. Journal entries Date Accounts title and explanations Debit $ Credit $ 1-Apr Cash Dr. 12000    Owner's capital 12000 (for captal introduced) 12-Apr Cash Account Dr. 900    Service revenue 900 (for service revenue reeived) 15-Apr Salaries expense Account Dr. 1300    Cash Account 1300 (for salaries paid) 25-Apr Accounts payable Dr. 1500    Cash account 1500 (for payment to creditors on account) 29-Apr Cash Dr. 400     Accounts receivable 400 (for cash received on account) 30-Apr Cash Dr. 1000        Unearned Service revenue 1000 TRIAL BALANCE Debit $ Credit $ Cash 11500 Accounts receivable 2800 Supplies 1800 Accounts payable 300 Unearned service revenue 1000 Owner's capital 12000 Service revenue 4100 Salaries and wages expense 1300 TOTAL 17400 17400

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