This is the trial balance of Wildhorse Co. on September 30.
WILDHORSE CO. Trial Balance September 30, 2017
Debit
Credit
Cash
$ 24,160
Accounts Receivable
7,560
Supplies
4,750
Equipment
10,650
Accounts Payable
$ 9,760
Unearned Service Revenue
3,750
Common Stock
19,960
Retained Earnings
13,650
$47,120
$47,120
The October transactions were as follows.
Oct. 5
Received $1,290 in cash from customers for accounts receivable due.
10
Billed customers for services performed $5,330.
15
Paid employee salaries $1,020.
17
Performed $600 of services in exchange for cash.
20
Paid $1,860 to creditors for accounts payable due.
29
Paid a $300 cash dividend.
31
Paid utilities $410.
Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1.
Cash
Accounts Receivable
Supplies
Equipment
Accounts Payable
Unearned Service Revenue
Common Stock
Retained Earnings
SHOW LIST OF ACCOUNTS
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
Journalize the transactions. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)
Date
Account Titles and Explanation
Debit
Credit
SHOW LIST OF ACCOUNTS
LINK TO TEXT
LINK TO TEXT
LINK TO TEXT
Post to the ledger accounts. (Post entries in the order of information presented in the question.)
Cash
10/1
Bal.
24,160
Accounts Receivable
10/1
Bal.
7,560
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