Answer:
T- accounts:
Cash
Date Account Title Debit Credit
Oct. 1 Balance $23,640
Oct. 5 Accounts receivable 1,310
Oct. 15 Salaries $1,110
Oct. 17 Service Revenue 580
Oct. 20 Accounts Payable 1,830
Oct. 29 Dividend 250
Oct. 31 Utilities 420
Accounts Receivable
Date Account Title Debit Credit
Oct. 1 Balance $7,040
Oct. 5 Cash $1,310
Oct. 10 Service Revenue 5,410
Supplies
Date Account Title Debit Credit
Oct. 1 Balance $4,270
Equipment
Date Account Title Debit Credit
Oct. 1 Balance $10,170
Accounts Payable
Date Account Title Debit Credit
Oct. 1 Balance $9,240
Oct. 20 Cash 1,830
Unearned Service Revenue
Date Account Title Debit Credit
Oct. 1 Balance $3,270
Common Stock
Date Account Title Debit Credit
Oct. 1 Balance $19,440
Retained Earnings
Date Account Title Debit Credit
Oct. 1 Balance $13,170
Service Revenue
Date Account Title Debit Credit
Oct. 10 Accounts receivable $5,410
Oct. 17 Cash 580
Salaries Expense
Date Account Title Debit Credit
Oct. 15 Cash $1,110
Dividend
Date Account Title Debit Credit
Oct. 30 Cash $250
Utilities Expense
Date Account Title Debit Credit
Oct. 30 Cash $420
Explanation:
a) Data and Calculations:
Trial Balance September 30, 2022
Account Title Debit Credit
Cash $23,640
Accounts Receivable 7,040
Supplies 4,270
Equipment 10,170
Accounts Payable $9,240
Unearned Service Revenue 3,270
Common Stock 19,440
Retained Earnings 13,170
$45,120 $45,120
b) Journal Entries:
Oct. 5:
Debit Cash $1,310
Credit Accounts Receivable $1,310
To record cash receipts from customers.
Oct. 10:
Debit Accounts Receivable $5,410
Credit Service Revenue $5,410
To record service revenue.
Oct. 15:
Debit Salaries Expense $1,110
Credit Cash Account $1,110
To record payment of salaries.
Oct. 17:
Debit Cash Account $580
Credit Service Revenue $580
To record performance of services for cash.
Oct. 20:
Debit Accounts Payable $1,830
Credit Cash Account $1,830
To record the payment of cash on account
Oct. 29:
Debit Dividend $250
Credit Cash Account $250
To record the payment of cash dividend.
Oct. 31:
Debit Utilities $420
Credit Cash Account $420
To record the payment for Utilities.
