This is the trial balance of Cullumber Company on September 30. CULLUMBER COMPANY Trial Balance September 30, 2022 Debit Credit Cash $23,880 Accounts Receivable 7,280 Supplies 4,620 Equipment 10,520 Accounts Payable $9,480 Unearned Service 3,620 Revenue Common Stock 19,680 Retained Earnings 13,520 $46,300 $46,300 The October transactions were as follows. Oct. 5 Received $1,510 in cash from customers for accounts receivable due.

Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 4.6C
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Cash, Accounts receivable, supplies, equipment, Accounts payable, Unearned service revenue, common stock, retained earnings
This is the trial balance of Cullumber Company on September 30.
CULLUMBER COMPANY
Trial Balance
September 30, 2022
Debit
Credit
Cash
$23,880
Accounts Receivable
7,280
Supplies
4,620
Equipment
10,520
Accounts Payable
$9,480
Unearned Service
3,620
Revenue
Common Stock
19,680
Retained Earnings
13,520
$46,300
$46,300
The October transactions were as follows.
Oct. 5
Received $1,510 in cash from customers for accounts receivable due.
Transcribed Image Text:This is the trial balance of Cullumber Company on September 30. CULLUMBER COMPANY Trial Balance September 30, 2022 Debit Credit Cash $23,880 Accounts Receivable 7,280 Supplies 4,620 Equipment 10,520 Accounts Payable $9,480 Unearned Service 3,620 Revenue Common Stock 19,680 Retained Earnings 13,520 $46,300 $46,300 The October transactions were as follows. Oct. 5 Received $1,510 in cash from customers for accounts receivable due.
Oct. 5
Received $1,510 in cash from customers for accounts receivable due.
10
Billed customers for services performed $5,050.
15
Paid employee salaries $1,11O.
17
Performed $570 of services in exchange for cash.
20
Paid $1,980 to creditors for accounts payable due.
29
Paid a $300 cash dividend.
31
Paid utilities $320.
(a)
Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1.
Cash
Accounts Receivable
Supplies
Transcribed Image Text:Oct. 5 Received $1,510 in cash from customers for accounts receivable due. 10 Billed customers for services performed $5,050. 15 Paid employee salaries $1,11O. 17 Performed $570 of services in exchange for cash. 20 Paid $1,980 to creditors for accounts payable due. 29 Paid a $300 cash dividend. 31 Paid utilities $320. (a) Prepare a general ledger using T-accounts. Enter the opening balances in the ledger accounts as of October 1. Cash Accounts Receivable Supplies
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