Respuesta :
Answer:
Ending Balance
Cash $ 48,600
Accounts Receivable 20,500
Expenses= Salaries + Operating= 35,000 + 9,300= 44,300
Accounts Payable = $ 2,400
Sr. No Particulars Debit Credit
1 Cash $ 43000
Common Stock $ 43000
Received cash of $43,000 from the issue of common stock.
2 Accounts Receivable $ 62000
Service Revenue $ 62,000
Performed $62,000 of services on account.
3 Operating Expenses $ 9,300
Accounts Payable $ 9300
Incurred $9,300 of other operating expenses on account.
4 Salaries Expense $ 35000
Cash $ 35000
Paid $35,000 cash for salaries expense.
5 Cash $ 41,500
Accounts Receivable $ 41,500
Collected $41,500 of accounts receivable.
6. Dividend $ 4400
Cash $ 4400
Paid a $4,400 dividend to the stockholders.
7. Cash $ 10,900
Services Revenue $ 10,900
Performed $10,900 of services for cash.
8. Accounts Payable $ 6,900
Cash $ 6900
Paid $6,900 of the accounts payable.
Cash Acct Receivable
Debit Credit Debit Credit
Common
Stock $ 43,000 Salaries 35,000 Service
Revenue $ 62,000
A/R $ 41,500 Dividend 4,400 Cash 41,500
Service 10,900 A/ P 6,900 Bal 20,500
Bal 48,600 $ 62000 $62000
94,900 94,900
Service Revenue Salaries Exp
Debit Credit Debit Credit
A/R 62,000 Cash $ 35,000
Cash $ 41,500 Bal $35000
Bal $ 20,500 $ 35000 $35000
$ 62,000 $ 62,000
Accounts Payable Oper Exp
Debit Credit Debit Credit
Operating A/P 9,300
Expense 9300
Cash 6,900 Bal 9,300
Bal 2,400 $ 9,300 $ 9,300
$ 9,300 $ 9,300
Common Stock Dividend
Debit Credit Debit Credit
Cash 4,400
Cash 43000
Bal 4,400
Bal 43 000 $ 4,400 $ 4,400
$ 4,3000 $ 4,3000
