Answer:
The answer is given below
Explanation:
a. Cash Dr.$30,000
Common stock Cr.$30,000
Inventory Dr.$15,000
Cash Cr.$15,000
Cash Dr.$20,000
Sales Revenue Cr.$20,000
Cost of Goods Sold Dr.$9,000
Inventory Cr.$9,000
Advertising Expense Dr.$1,500
Cash Cr.$1,500
b. Cash
Dr. Cr.
Common Stock 30,000 Inventory 15,000
Sales 20,000 Advertising Exp 1,500
C/F 33,500
Common Stocks
Dr. Cr.
C/F 30,000 Cash 30,000
Inventory
Dr. Cr.
Cash 15,000 Cost of Goods Sold 9,000
C/F 6,000
Sales
Dr. Cr.
C/F 20,000 Cash 20,000
Cost of Goods Sold
Dr. Cr.
Inventory 9,000 C/F 9,000
Advertising Expense
Dr. Cr.
Cash 1,500 C/F 1,500
c. Trail Balance
Dr. Cr.
Cash 33,500
Common Stocks 30,000
Inventory 6,000
Sales 20,000
Cost of Goods sold 9,000
Advertising Expense 1,500
Total 50,000 50,000
