Help Weygandt, Financial Accounting, 10e Help I System Announcements Trial balan
ID: 2607394 • Letter: H
Question
Help Weygandt, Financial Accounting, 10e Help I System Announcements Trial balance December 31, 2018 Debit $9,000 15,100 12,700 Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings 2,800 19,300 $16,500 31,000 11,400 558.900$58,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,120 2. Additional supplies acquired on account $4,150. 3. Miscellaneous expenses, paid in cash, $2,020. 4. Cash collected from customers in payment of accounts receivable $12,340. 5. Cash paid to creditors for accounts payable due $12,840. 6. Repair services performed during January: for cash $6,850; on account $8,540. 7. Wages for January, paid in cash, $2,410. 8. Dividends during January were $2,5s0.Explanation / Answer
Answer
No
Account Titles
Dr
Cr
1
Advertising expenses
1120
Cash
1120
2
Supplies
4150
Accounts payable
4150
3
Miscellaneous expenses
2020
Cash
2020
4
Cash
12340
Accounts receivables
12340
5
Accounts payable
12840
Cash
12840
6
Cash
6850
Accounts receivables
8540
Service Revenue
15390
7
Wages/Salaries expense
2410
Cash
2410
8
Dividends
2550
Cash
2550
No
Account Titles
Dr
Cr
1
Advertising expenses
1120
Cash
1120
2
Supplies
4150
Accounts payable
4150
3
Miscellaneous expenses
2020
Cash
2020
4
Cash
12340
Accounts receivables
12340
5
Accounts payable
12840
Cash
12840
6
Cash
6850
Accounts receivables
8540
Service Revenue
15390
7
Wages/Salaries expense
2410
Cash
2410
8
Dividends
2550
Cash
2550
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