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Trial Balance Sheet

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SLOCOMBE COMPANY
Trial Balance
September 30, 2010
Debit Credit
Cash $ 8,300
Accounts Receivable 2,600
Supplies 2,100
Equipment 8,000
Accounts Payable $ 5,100
Unearned Revenue 900
Common Stock 15,000
Total $21,000 $21,000

The October transactions were as follows.
Oct. 5 Received $1,300 in cash from customers for accounts receivable due.
10 Billed customers for services performed $5,100.
15 Paid employee salaries $1,400.
17 Performed $600 of services for customers who paid in advance
in August.
20 Paid $1,500 to creditors for accounts payable due.
29 Paid a $300 cash dividend.
31 Paid utilities $500.

Instructions
(a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger
accounts as of October 1. Provision should be made for these additional accounts:
Dividends, Service Revenue, Salaries Expense, and Utilities Expense.
(b) Journalize the transactions, including explanations.
(c) Post to the ledger accounts.
(d) Prepare a trial balance on October 31, 2010.

Problems: Set A 147
Journalize transactions, post,
and prepare a trial balance.
(SO 3, 5, 6, 7, 8)
(c) Cash $15,100
Tot. trial
balance $20,000
Journalize transactions, post,
and prepare a trial balance.
(SO 3, 5, 6, 7, 8)
(d) Cash $ 5,900
Tot. trial
balance $24,600

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