Financial & Managerial Accounting 3rd Edition by Charles Horngren,Harrison, Walter,Suzanne Oliver

تمرين 38

Journalizing transactions, posting to accounts in four-column format, and preparing a trial balance
Vince Smith opened a law office on April 2, 2012. During the first month of operations, the business completed the following transactions:

Requirements
1. Open the following T-accounts: Cash, Accounts receivable, Supplies, Furniture; Land, Accounts payable, Common stock, Dividends, Service revenue, Salary expense, and Rent expense.
2. Record each transaction in the journal, using the account titles given. Key each transaction by date. Explanations are not required.
3. Post the transactions to T-accounts, using transaction dates as posting references in the ledger. Label the balance of each account Bal , as shown in the chapter.
4. Prepare the trial balance of Vince Smith, Attorney, P.C., at April 30, 2012.