Homework Help Question & Answers

All nine transactions for Reid’s Dairy Co. for July 2017, the first month of operation, are...

All nine transactions for Reid’s Dairy Co. for July 2017, the first month of operation, are recorded in the following T accounts:

               Cash

   Computer Equipment

Advertising Expense

(1) $9,000

$755 (8)

(2) $3,165

(7) $1,900

(6) $5,000

$1,500 (4)

$600 (9)

Revenue Earned

F. Reid, Capital

   Accounts Receivable

$5,235 (5)

9000 (1)

(3) $5,235

$6,000 (6)

(6) $1,000

F. Reid, Withdrawals

Accounts Payable

         Rent Expense

(8)   $755

(9) $600

$3,165 (2)

(4) 1,500

$1,900 (7)

Required:

  1. Foot and total, if required the T-Accounts directly in the T-Accounts supplied.
  2. Prepare a trial balance, listing the accounts and their balances in proper order.
0 0
Next > < Previous
ReportAnswer #1

Requirement A:

               Cash    Computer Equipment Advertising Expense
(1) $9,000 $755 (8) (2) $3,165 (7) $1,900
(6) $5,000 $1,500 (4)
$600 (9)
Bal. $11,145 Bal. $3,165 Bal. $1,900
Revenue Earned F. Reid, Capital    Accounts Receivable
$5,235 (5) $9000 (1) (3) $5,235
$6,000 (6) (6) $1,000
$11,235 Bal. $9,000 Bal. Bal. $6,235
F. Reid, Withdrawals Accounts Payable          Rent Expense
(8)   $755 (9) $600 $3,165 (2) (4) 1,500
$1,900 (7)
Bal. $755 $4,465 Bal. $1,500 Bal. …………..

Requirement B:

Trial Balance
Account title Debit Credit
Cash $11,145
Accounts receivable $6,235
Computer equipment $3,165
Accounts payable $4,465
F.Reid, capital $9,000
F.Reid, withdrawals $755
Revenue earned $11,235
Rent expense $1,500
Advertising expense $1,900
Total $24,700 $24,700
Know the answer?
Add Answer to:
All nine transactions for Reid’s Dairy Co. for July 2017, the first month of operation, are...
Your Answer: Your Name: What's your source?
Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • All nine transactions for Ralston Sports Co. for September, the first month of operations, are recorded...

    All nine transactions for Ralston Sports Co. for September, the first month of operations, are recorded in the following T accounts: Cash James Ralston, Capital (1) 25,000 (3) 12,500 (1) 25,000 (7) 11,900 (5) 7,600 (9) 9,700 (6) 10,500 (8) 7,000 ​ Accounts Receivable James Ralston, Drawing (4) 9,900 (9) 9,700 (8) 7,000 ​ Supplies Fees Earned (3) 12,500 (4) 9,900 (7) 11,900 ​ Equipment Operating Expenses (2) 9,500 (6) 10,500 ​ Accounts Payable (5) 7,600 (2) 9,500 ​Prepare a...

  • please answer all the questions. Identifying Transactions National Park Tours Co. is a travel agency. The...

    please answer all the questions. Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash 75,000 (2) 8,150(3) 1,600 6,280 2,700 900 Accounts Receivable 12,300 (7) Supplies 900 (8) . Equipment 8,000 Accounts Payable 2,700|(3) eBook Calculator Beth Worley, Capital 75,000 Beth Worley, Drawing 2,500 Fees Earned 12,300 Operating Expenses 6,280 660 Indicate for each debit...

  • Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky...

    Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: Dividends Equipment (3) 15,000 (9) 1,500 Cash (1) 40,000 (2) 4,000 (7) 13,100(3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Service Revenue Accounts Receivable (5) 20,500 (7) 13,100 Accounts Payable (6) 6,000 (3) 10,000 (5) 20,500 Common Stock Supplies (2) 4,000 (8) 2,200 (1) 40,000 Operating Expenses...

  • Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky...

    Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month of operations, are indicated in the following T accounts: Equipment (3) 15,000 Dividends (9) 1,500 Cash (1) 40,000|(2) 4,000 (7) 13,100 (3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Accounts Receivable Accounts Payable Service Revenue (5) 20,500 (7) 13,100 (6) 6,000 (3) 10,000 (5) 20,500 Common Stock Operating Expenses Supplies (2) 4,000 (8) 2,200 (1) 40,000...

  • National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours...

    National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Beth Worley, Drawing 1) 37,2002) 2,600 7)14,900(3)4,800 4) 4,100 6) 11,150 9) 3,700 9) 3,7 Accounts Receivable Accounts Payable Fees Earned (5) 20,100) 14,900 (6) 11.1503) 22,000 5) 20,100 Supplies Beth Worley, Capital Operating Expenses 8) 1,500 1) 37,200 4) 4,1 (8) 1 Prepare the nine Sournal entries from...

  • Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky...

    Journal Entries Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2, its first month of operations, are indicated in the following T accounts: Cash Equipment (3) 15,000 Dividends (9) 1,500 (1) 40,000 (2) 4,000 (7) 13,100(3) 5,000 (4) 6,175 (6) 6,000 (9) 1,500 Accounts Receivable Accounts Payable (6) 6,000(3) 10,000 Service Revenue (5) 20,500 (5) 20,500 (7) 13,100 Supplies (2) 4,000 (8) 2,200 Common Stock (1) 40,000 ) Operating Expenses...

  • Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National...

    Identifying Transactions National Park Tours Co. is a travel agency. The nine transactions recorded by National Park Tours during May 2019, its first month of operations, are indicated in the following T accounts: Cash (1) 75,000 (2) 900 (7) 8,150 (3) 1,600 (4) 6,280 (6) 2,700 (9) 2,500 Accounts Receivable (5) 12,300 (7) 8,150 Supplies (2) 900 (8) 660 Equipment (3) 8,000 Accounts Payable (6) 2,700 (3) 6,400 Beth Worley, Capital (1) 75,000 Beth Worley, Drawing (9) 2,500 Fees Earned...

  • Book Show Me How apa Tours Co, is a travel agency. The nine transactions recorded by...

    Book Show Me How apa Tours Co, is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indie sthe following T accounts: Cash Equipment Dividends (1) 32, 400(2) 2,250 (7) 12,950K3) 4,200 4) 3,550 (6) 9,700 (9) 3,200 (3) 23,300 9) 3,200 Accounts Payable Service Revenue (5) 17,500 7) 12,950 (6) 9,700 (3) 19,100 5) 17,500 Common Stock Operating Expenses (2) 2,250 (8) 1,300 (4) 3,550 (8) 1,300 (1) 32,400...

  • Identifying Transactions Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours...

    Identifying Transactions Napa Tours Co. is a travel agency. The nine transactions recorded by Napa Tours during April 2018, its first month of operations, are indicated in the following T accounts: Cash (1) 50,000 (2) 3,400 (7) 8,700 (3) 5,000 (4) 4,850 (6) 2,500 (9) 1,000 Equipment (3) 15,000 Dividends (9) 1,000 Accounts Receivable (5) 18,200 (7) 8,700 Accounts Payable (6) 2,500 (3) 10,000 Service Revenue (5) 18,200 Supplies (2) 3,400 (8) 1,100 Common Stock (1) 50,000 Operating Expenses (4)...

  • Rocky Mountain tours CO is a travel agency. The nine transactions recorded by Rocky Mountain Tours...

    Rocky Mountain tours CO is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 20Y2 its first month of operations are indicated in the following T accounts Trial Balance Rocky Mountain Tours Co. is a travel agency. The nine transactions recorded by Rocky Mountain Tours during June 2012, its first month of operations, are indicated in the following T accounts: Cash Equipment Dividends (1) 38,400 (2) 2,700 (3) 27,600 (9) 3,800 (7) 15,350 (3) 4,950 (4)...

Free Homework App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.