Question

Journalize transactions from account data and prepare a trial balance.

(LO 2, 4)

The T-accounts below summarize the ledger of Daggett Landscaping Company at the end of the first month of operations.

	Cash		No. 101		Unearned Service Revenue		No. 209
4/1	12,000	4/15	1,300			4/30	1,000
4/12	900	4/25	1,500
4/29	400
4/30	1,000
	Accounts Receivable		No. 112		Owner's Capital		No. 301
4/7	3,200	4/29	400			4/1	12,000
	Supplies		No. 126		Service Revenue		No. 400
4/4	1,800					4/7	3,200
						4/12	900
	Accounts Payable		No. 201		Salaries and Wages Expense		No. 726
4/25	1,500	4/4	1,800	4/15	1,300

Answer 1

Date Description/Account Debit Credit Apr. 1 Cash $        12,000 Owner's Capital $        12,000 (Owner's investment of cash in business.) Apr. 4 Supplies $          1,800 Accounts Payable $          1,800 (Supplies purchased on account) Apr. 7 Accounts Receivable $          3,200 Service Revenue $          3,200 (Service provided on account) Apr. 12 Cash $              900 Service Revenue $              900 (Received cash for services provided.) Apr. 15 Salaries and Wages Expense $          1,300 Cash $          1,300 (Paid salaries to date.) Apr. 25 Accounts Payable $          1,500 Cash $          1,500 (Paid creditors on account.) Apr. 29 Cash $              400 Accounts Receivable $              400 (Received cash in payment of account.) Apr. 30 Cash $          1,000 Unearned Service Revenue $          1,000 (Received cash for future services.) DAGGETT LANDSCAPING COMPANY Trial Balance April 30, 20XX Debit Credit Cash $    11,500 Accounts Receivable 2800 Supplies 1800 Accounts Payable $         300 Unearned Revenue 1000 Common Stock 12000 Service Revenue 4100 Salaries Expense 1300 Total $    17,400 $    17,400