Answer: (1) journal Total Dr $27,282, Cr $27,282 (2) cash Account Dr: Total $21,823, Cr Balance c /d $19,613 Total $21,823, salary payable Total Dr $381, Cr $381,Account receivable Account Dr :Total $1,929 Cr Total $1,929, salary expense Account Dr Total $ 1,524 Cr: $1,524, common stock Total Dr : $18,270 Cr: Total $18,270, Supplies Account Total Dr : $1,320, Cr $1,320, Account Payable Total Dr :$1,320, Cr :Total $1,320, service revenue Total Dr : $4,771, Total Cr : $4,771, unearned revenue Total Dr :$712, Total Cr :$711, (3) Trial Balance Total Dr $24,767, Total Cr : $24,767
Explanation:
(1) The journal entry for the transaction will be
Apr 1 Dr : Cash $18,270, Cr : common stock $18,270
Apr1 Dr: salary payable$381,Cr: cash $381
Apr 2 No entry required
Apr 3 Dr : supplies $1,320, Cr : Account payable $1,320
Apr 10 Dr Account Receivable $1,929, Cr : service revenue $1,929
Apr 11 Dr cash$ 711,Cr: unearned revenue$ 711
Apr 20 Dr: Cash $2,842, Cr : service revenue $2,842
Apr 30 Dr : $ Account Payable $305 Cr : Cash $305
(2) The T Account will be
Cash Account
Dr common stock $18,270, unearned revenue $711, service revenue $2,842
Cr : salary payable $381, salary expense $1,524, Account payable $305,Bal c/d $19,613 Total Dr $21,823, Cr : $21,823
Salary payable Account
Dr : cash $381,Cr: Balance c/d $381 Total Dr $381,Cr :$381
Account Receivable Account
Dr: service revenue $1,929, Cr: Balance c/d $1,929 Total Dr $1,929, Cr $1,929
Salary expense Account
Dr: salary expense $1,524, Cr Balance c/d $1,524, Total Dr $1,524,Cr $1,524
Common Stock
Dr : Balance c /d $18,270, Cr :Cash $18,270 Total Dr $18,270, Cr $18,270
Supplies Account
Dr: Account payable $1,320, Cr Balance c /d $1,320, Total Dr $1,320, Cr $1,320
Account Payable
Dr: Cash $305,Balance c/d $1,015, Cr supplies $1,320, Total Dr $1,320, Cr $1,320
Service Revenue Account
Dr Balance c /d $4,771 Cr : Account Receivable $1,929, cash $2,842, Total Dr $4,771, Cr $4,771
Unearned Revenue Account
Balance c/d $711, Cr cash $711, Total Dr $711,Cr $711
(3) The trial balance as on 30/04/2017
Dr: Cash $19,613, salary payable $381, supplies $1,320, Account Receivable $1,929, salary expense $1,524 Total $24,767
Cr : Common Stock $18,270, Account Payable $1,015, service revenue $4,771, unearned revenue $711 Total $24,767
