Financial accounting 16th Edition by Jan Williams,Susan Haka,Mark Bettner ,Joseph Carcello

تمرين 11

Sanlucas, Inc., provides home inspection services to its clients.he company's trial balance dated June 1, 2015, is shown below:

Sanlucas engaged in the following transactions in June:


Instructions
a.ecord the company's June transactions in general journal form.nclude a brief explanation of the transaction as part of each journal entry.
b.ost each entry to the appropriate ledger accounts (use the T account format illustrated in Exhibit 3-8 on page 110).
c.repare a trial balance dated June 30, 2015.Hint: Retained Earnings will be reported at the same amount as on June 1.ccounting for changes in the Retained Earnings account resulting from revenue, expense, and dividend activities is discussed in Chapter 5.)
d.as the company paid all of the dividends that it has declared Explain.