Question

Prepare journal entries , and trial balance for the following transactions

On January 3rd 2019, Lynn Sanders’ printing service company owner started his business $200,000 for cash.
2. On January 5, 2019, purchases equipment on account for $3,500, payment due within the month.
3. On January 9, 2019, receives $4,000 cash in advance from a customer for services not yet rendered/Delivered/performed.
4. On January 10, 2019, provides $5,500 in services to a customer who asks to be billed for the services.
5. On January 12, 2019, Paid cash for electric bill, $75.00.
6. On January 15, 2019, pays a $300 utility bill with cash.
7. On January 17, 2019, receives $2,800 cash from a customer for services rendered.
8. On January 18, 2019, Paid cash to owner for personal use, $1,000
9. On January 19, 2019, paid in full, with cash, for the equipment purchase on January 5.
10. On January 20, 2019, paid $3,600 cash in salaries expense to employees.
11. On January 23, 2019, received cash payment in full of the customer on the January 10 transaction.
12. On January 25, 2019, Sold services on account to Connie Vaughn, $20,000
13. On January 27, 2019, provides $1,200 in services to a customer who asks to be billed for the services.
14. On January 28, 2019, Paid cash for insurance, $3,000.00.
15. On January 30, 2019, purchases supplies on account for $500, payment due within three months

Answer 1