Presented below is the ledger for Bowman Co. Journalize transactions from account data and prepare a trial balance.
|
Cash |
No. 101 |
||
|
10/1 |
3,000 |
10/4 |
400 |
|
10/10 |
500 |
10/12 |
1,500 |
|
10/10 |
4,000 |
10/15 |
250 |
|
10/20 |
500 |
10/30 |
300 |
|
10/25 |
2,000 |
10/31 |
500 |
|
Accounts Receivable |
No. 112 |
||
|
10/6 |
800 |
10/20 |
500 |
|
10/20 |
940 |
||
|
Supplies |
No. 126 |
||
|
10/4 |
400 |
||
|
Equipment |
No. 157 |
||
|
10/3 |
2,000 |
||
|
Notes Payable |
No. 200 |
||
|
10/10 |
4,000 |
||
|
Accounts Payable |
No. 201 |
||
|
10/12 |
1,500 |
10/3 |
2,000 |
|
Owner’s Capital |
No. 301 |
||
|
10/1 |
3,000 |
||
|
10/25 |
2,000 |
||
|
Owner’s Drawings |
No. 306 |
||
|
10/30 |
300 |
||
|
Service Revenue |
No. 400 |
||
|
10/6 |
800 |
||
|
10/10 |
500 |
||
|
10/20 |
940 |
||
|
Salaries and Wages Expense |
No. 726 |
||
|
10/31 |
500 |
||
|
Rent Expense |
No. 729 |
||
|
10/15 |
250 |
Instructions
(a) Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20, and provide explanations for each.
(b) Determine the October 31 balance for each of the accounts above, and prepare a trial balance at October 31, 2012.