Question
The T-accounts below summarize the ledger of Larkspur, Inc. at the end of the first month of operations.
Cash
Apr. 1
14,000
Apr. 15
740
Apr. 12
720
Apr. 25
3,300
Apr. 29
860
Apr. 30
830
Accounts Receivable
Apr. 7
5,300
Apr. 29
860
Supplies
Apr. 4
7,200
Accounts Payable
Apr. 25
3,300
Apr. 4
7,200
Unearned Service Revenue
Apr. 30
830
Common Stock
Apr. 1
14,000
Service Revenue
Apr. 7
5,300
Apr. 12
720
Salaries and Wages Expense
Apr. 15
740
(a)
Prepare the journal entries that resulted in the amounts posted to the accounts. Present them in the order they occurred. (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
(b)
Prepare a trial balance at April 30, 2017.
Debit
Credit
Cash |
|||
Apr. 1 |
14,000 |
Apr. 15 |
740 |
Apr. 12 |
720 |
Apr. 25 |
3,300 |
Apr. 29 |
860 |
|
|
Apr. 30 |
830 |
|
|
Accounts Receivable |
|||
Apr. 7 |
5,300 |
Apr. 29 |
860 |
Supplies |
|||
Apr. 4 |
7,200 |
|
|
Accounts Payable |
|||
Apr. 25 |
3,300 |
Apr. 4 |
7,200 |
Unearned Service Revenue |
|||
|
|
Apr. 30 |
830 |
Common Stock |
|||
|
|
Apr. 1 |
14,000 |
Service Revenue |
|||
|
|
Apr. 7 |
5,300 |
|
|
Apr. 12 |
720 |
Salaries and Wages Expense |
|||
Apr. 15 |
740 |
|
|