The Fireworks Company has the following T- accounts their transactions for July 2013 are included below.

Requirements
(a) For each transaction, journalize the transaction, including an explanation for the entry.
(b) Determine the ending account balance for each account.
(c) Prepare a trial balance as at July 2013.

Question

The Fireworks Company has the following T- accounts their transactions for July 2013 are included below.
  
Requirements
(a) For each transaction, journalize the transaction, including an explanation for the entry.
(b) Determine the ending account balance for each account.
(c) Prepare a trial balance as at July 2013.

Quizplus · Accepted Answer

The Answer of The Fireworks Company has the following T- accounts their transactions for July 2013 are included below.
  
Requirements
(a) For each transaction, journalize the transaction, including an explanation for the entry.
(b) Determine the ending account balance for each account.
(c) Prepare a trial balance as at July 2013.

The Fireworks Company Has the Following T- Accounts Their Transactions