Below is the account balances for your company on the date given.
Assume that all account balances are at their normal balances.
The account balances given below are your starting point.
Write and post your journal entries and produce a
trial balance. Use the end of the month as your date for the trial balance.
Cash $ 5,240
Accounts Receivable 1,814
Supplies 1,048
Accounts Payable 1,942
Sales 4,660
Common Stock 1,500
A) Journalize the following transactions
B) Produce a trial balance for the company
1)
The company receives $491 from a cash sale to a customer.
2)
The company receives $654 from a customer who had previously purchased on account.
3)
The company paid $150 for supplies that had been previously purchased on account.
4)
The company purchased supplies for $218 ,paying cash.
5)
The company sold $261 to a customer on account.
CHECK FIGURE: Total Debits $ 8,704
Congo Company
Account Balances
January 1, 2022
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