Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 4 mount prospect nursery school company provides b

4 Mount Prospect Nursery School Company provides baby-sitting and child-care programs. During the month of...

70.2K

Verified Solution

Question

Accounting

image

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!
Become a Member

Other questions asked by students