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

Exercise 15

Ahuna, Inc., provides in-home cooking lessons to its clients.he company's trial balance dated March 1, 2015, is shown below:

Ahuna engaged in the following transactions in March:

Instructions
a.ecord the company's March 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 March 31, 2015.Hint: Retained Earnings will be reported at the same amount as it was on March 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.