4 Mount Prospect Nursery School Company provides baby-sitting and child-care programs. During the month of...
70.2K
Verified Solution
Link Copied!
Question
Accounting
4 Mount Prospect Nursery School Company provides baby-sitting and child-care programs. During the month of February, 2020, the company completed the following transactions: Date Transactions 1 Shareholders contribute $ 25,000 cash for share capital 2 Ordered playground equipment, $1,400. 2 Performed services on credit. $19,500. 3 Paid this month's rent, $280. Purchased supplies in cash, $150. 5 Customer paid for services provided on February 2. 13 Purchased and received playground equipment ordered on February 6 for cash, $1,200. 19 Paid this month's utility bill, $120. 20 Paid for repairs on computers with cash, $2,160 26 Paid part-time assistants for services, S660. 28 Billed customers who had not yet paid for this month's services, $900. 28 Made a cash withdrawal of $2,400 Required: i. Record transactions in General Journal 2. Post the transactions to General Ledgers (T - accounts) 3. Prepare Trial Balance for February, 2020
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
