Help Weygandt Financial Accounting 10e Help I System Announc

Help Weygandt, Financial Accounting, 10e Help I System Announcements Trial balance December 31, 2018 Debit $9,000 15,100 12,700 Credit Cash Accounts Receivable Supplies Prepaid Rent Equipment Accounts Payable Common Stock Retained Earnings 2,800 19,300 $16,500 31,000 11,400 558.900$58,900 Summarized transactions for January 2019 were as follows. 1. Advertising costs, paid in cash, $1,120 2. Additional supplies acquired on account $4,150. 3. Miscellaneous expenses, paid in cash, $2,020. 4. Cash collected from customers in payment of accounts receivable $12,340. 5. Cash paid to creditors for accounts payable due $12,840. 6. Repair services performed during January: for cash $6,850; on account $8,540. 7. Wages for January, paid in cash, $2,410. 8. Dividends during January were $2,5s0.

Solution

Answer

No

Account Titles

Dr

Cr

1

Advertising expenses

1120

Cash

1120

2

Supplies

4150

Accounts payable

4150

3

Miscellaneous expenses

2020

Cash

2020

4

Cash

12340

Accounts receivables

12340

5

Accounts payable

12840

Cash

12840

6

Cash

6850

Accounts receivables

8540

Service Revenue

15390

7

Wages/Salaries expense

2410

Cash

2410

8

Dividends

2550

Cash

2550

No	Account Titles	Dr	Cr
1	Advertising expenses	1120
	Cash		1120
2	Supplies	4150
	Accounts payable		4150
3	Miscellaneous expenses	2020
	Cash		2020
4	Cash	12340
	Accounts receivables		12340
5	Accounts payable	12840
	Cash		12840
6	Cash	6850
	Accounts receivables	8540
	Service Revenue		15390
7	Wages/Salaries expense	2410
	Cash		2410
8	Dividends	2550
	Cash		2550