Please answer the following questions by answering steps A and B that being that
ID: 2521422 • Letter: P
Question
Please answer the following questions by answering steps A and B that being that being recording transactions to the general ledge and posting transactions to leger accounts.
Transaction Ehtrles, Posting, llal Balance, and Adjusting Entries The Wellness Catering Service had the following transactions in July, its first month of operations 1 Kelly Foster contributed personal funds in exchange for common stock to begin the business. $18,000 2 Purchased the following for cash: (make a compound entry) Delivery van Equipment Supplies 3,780 3,240 1,700 2,160 3 Paid one-year premium on liability insurance policy 4 Entered into a contract with a local service club to cater 750 6,000 2,340 1,700 5,000 3,400 1,800 850 3,700 4,800 2,000 weekly luncheon meetings for one year at per month. Received 8 months fees in advance 5 Paid rent for July, August, and September 6 Paid employee's two weeks' wages (five-day week) 7 Billed customers for services rendered 8 Purchased supplies on account 9 Paid employee's two weeks' wages 10 Paid July bill for gas, oil and repairs on delivery van 11 Collected on account from customers 12 Billed customers for services rendered 13 Foster received a dividendExplanation / Answer
TROLLEY
ADJUSTED TRIAL BALANCE 31 7 .....
DR $
CR $
CASH
12130
ACC REC
6100
PREPAID INSURANCE
1980
SUPPLIES IN HAND
1600
SUPPLIES EXP
3500
EQUIP
3240
DEPN EQUIP
45
ACC PAY
3400
DELIVERY VAN
3780
COMMON STOCK
18000
CATERING FEES
10550
DIVIDENDS
2000
WAGES
4025
DEP VAN
105
RENT
780
INSURANCE
180
DELIVERY VAN EXP
850
ACCD EXP
ACC DEP VAN
105
ACC DEP EQUIP
45
WAGES PAY
525
UNEARNED CAT FEES
5250
PREPAID RENT
1560
39875
39875
CASH
DATE
DETAILS
$
DATE
DETAILS
$
COMMON STOCK
18000
DEL VAN
3780
CATERING FEES
6000
EQUIPMENT
3240
ACC REC
3700
SUPPLIES
1700
DIVIDENDS
2000
INSURANCE
2160
RENT
2340
WAGES
1700
WAGES
1800
DEL VAN EXPENSES
850
BAL C/D
12130
29700
29700
CATERING FEES
UNERARNED RENT
5250
CASH CLUB
6000
ACC REC
5000
ACC REC
4800
BAL C/D
10550
15800
15800
ACC REC
CAT FEES
5000
CASH RECEIPT
3700
CAT FEES
4800
BAL C/D
6100
9800
9800
WAGES
CASH
1700
p/l
4025
CASH
1800
ACC PAY
525
4025
CASH
45
PL
45
INSURANCE
CASH
2160
PL
180
B/D
1980
2160
2160
WAGES PAY
WAGES
525
ACC PAY
SUPPLIES
3400
B/D
3400
OFFICE EQUIP
CASH
3240
SHARE CAPITAL
CASH
18000
RENT
CASH
2340
PL
780
BLA C/D
1560
2340
2340
DIVIDENDS
CASH
2000
DEP ON OFFICE EQIP
ACC DEP
45
ACC DEP OFFICE EQUIP
DEP
45
SUPPLIES
CASH
1700
PL
3500
ACC PAY
3400
C/D
1600
5100
5100
TROLLEY
UNADJUSTED TRIAL BALANCE
DR $
CR $
CASH
12130
ACC REC
6100
PREPAID INSURANCE
1980
SUPPLIES IN HAND
1600
SUPPLIES EXP
3500
EQUIP
3240
DEPN EQUIP
45
ACC PAY
3400
DELIVERY VAN
3780
COMMON STOCK
18000
CATERING FEES
10550
DIVIDENDS
2000
WAGES
4025
DEP VAN
105
RENT
780
INSURANCE
180
DELIVERY VAN EXP
850
ACCD EXP
ACC DEP VAN
105
ACC DEP EQUIP
45
WAGES PAY
525
UNEARNED CAT FEES
5250
PREPAID RENT
1560
39875
39875
TROLLEY
ADJUSTED TRIAL BALANCE 31 7 .....
DR $
CR $
CASH
12130
ACC REC
6100
PREPAID INSURANCE
1980
SUPPLIES IN HAND
1600
SUPPLIES EXP
3500
EQUIP
3240
DEPN EQUIP
45
ACC PAY
3400
DELIVERY VAN
3780
COMMON STOCK
18000
CATERING FEES
10550
DIVIDENDS
2000
WAGES
4025
DEP VAN
105
RENT
780
INSURANCE
180
DELIVERY VAN EXP
850
ACCD EXP
ACC DEP VAN
105
ACC DEP EQUIP
45
WAGES PAY
525
UNEARNED CAT FEES
5250
PREPAID RENT
1560
39875
39875