Acker Inc. was formed on 5/1/2023. During its first month of operations, it recorded the...
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Acker Inc. was formed on 5/1/2023. During its first month of operations, it recorded the following seven transactions in its general journal and posted these transactions to the general ledger:
| Date | Account Name | Debit | Credit |
| 5/1 | Cash | 150,000 | |
| Common Stock | 150,000 | ||
| 5/5 | Equipment | 60,000 | |
| Cash | 60,000 | ||
| 5/10 | Inventory | 22,000 | |
| Accounts Payable | 22,000 | ||
| 5/12 | Accounts Receivable | 4,000 | |
| Service Revenue | 4,000 | ||
| 5/20 | Cash | 3,000 | |
| Accounts Receivable | 3,000 | ||
| 5/31 | Utilities Expense | 3,000 | |
| Accounts Payable | 3,000 | ||
| 5/31 | Accounts Payable | 15,000 | |
| Cash | 15,000 |
Complete the company’s unadjusted trial balance for May 31 using proper formatting.
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