Ineed the correct journal entries for these transactions (postrefereance not needed) and what the trial balance should be equalafter. My check figure says $76,630 for the trial.THANKSS!
May 3: Received cash fromclients as an advance payment for services to be provided andrecorded it as unearned fees, $3,000.
May5: Received cash from clients on account, $2,100.
May9: Paid cash for a newspaper advertisement, $300.
May13: Paid Office Station Co. for part of the debt incurred onApril 5, $400.
May15: Recorded services provided on account for the period May1-15, $7,350.
May16: Paid part-time receptionist for two weeks' salaryincluding the amount owed on April 30, $750.
May17: Recorded cash from cash clients for fees earned duringthe period May 1-16, $6,150.
May20: Purchased supplies on account, $600.
May21: Recorded services provided on account for the period May16-20, $6,175.
May25: Recorded cash from cash clients for fees earned for theperiod May 17-23, $3,125.
May27: Received cash from clients on account, $11,250.
May28: Paid part-time receptionist for two weeks' salary, $750.
May30: Paid telephone bill for May, $120
May31: Paid electricity bill for May, $290.
May31: Recorded cash from cash clients for fees earned for theperiod May 26-31, $2,800.
May31: Recorded services provided on account for the remainderof May, $1,900
May31: Paid dividends of $15,000.
Ineed the correct journal entries for these transactions (postrefereance not needed) and what the trial balance should be equalafter. My check figure says $76,630 for the trial.THANKSS!
May 3: Received cash fromclients as an advance payment for services to be provided andrecorded it as unearned fees, $3,000.
May5: Received cash from clients on account, $2,100.
May9: Paid cash for a newspaper advertisement, $300.
May13: Paid Office Station Co. for part of the debt incurred onApril 5, $400.
May15: Recorded services provided on account for the period May1-15, $7,350.
May16: Paid part-time receptionist for two weeks' salaryincluding the amount owed on April 30, $750.
May17: Recorded cash from cash clients for fees earned duringthe period May 1-16, $6,150.
May20: Purchased supplies on account, $600.
May21: Recorded services provided on account for the period May16-20, $6,175.
May25: Recorded cash from cash clients for fees earned for theperiod May 17-23, $3,125.
May27: Received cash from clients on account, $11,250.
May28: Paid part-time receptionist for two weeks' salary, $750.
May30: Paid telephone bill for May, $120
May31: Paid electricity bill for May, $290.
May31: Recorded cash from cash clients for fees earned for theperiod May 26-31, $2,800.
May31: Recorded services provided on account for the remainderof May, $1,900
May31: Paid dividends of $15,000.
