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Harper Service Center Trial Balance March 31, 2018 Balance Account Title Cash Debit Credit 23,900 Accounts Receivable 4,500 Office Supplies 0 Land 0 Accounts Payable 2,000 Utilities Payable 0 Unearned Revenue 0 Notes Payable 0 Harper, Capital 18,500 Harper, Withdrawals 0 Service Revenue 10,000 Salaries Expense 800 Rent Expense 1,000 Interest Expense 0 300 Utilities Expense $ 30,500 $ 30,500 Total Requirements 1. Journalize each transaction including explanations. 2. The accounts listed in the trial balance, together with their balances as of March 31, 2018, have been opened for you in T-account form. Post the journal entries to the ledger (use T-account format). 3. Prepare the trial balance of Harper Service Center as of April 30, 2018. Requirement 1. Journalize each transaction including explanations. (Record debits first, then credits. Select the explanations on the last line of the journal entry table.) Apr. 2: Borrowed $45,000 from the bank and signed a note payable in the name of the business. Date Apr. 2 Accounts and Explanation Apr. 4: Paid cash of $40,000 to acquire land. Date Apr. 4 Debit Credit Accounts and Explanation Debit Credit Apr. 9: Performed services for a customer and received cash of $5,000. Date Apr. 9 Accounts and Explanation Apr. 13: Purchased office supplies on account, $300. Date Apr. 13 Debit Credit Accounts and Explanation Debit Credit Apr. 15: Performed services for a customer on account, $2,600. Date Apr. 15 Accounts and Explanation Apr. 18: Paid $1,200 on account. Date Apr. 18 Debit Credit Accounts and Explanation Debit Credit Apr. 21: Paid the following cash expenses: salaries, $3,000; rent, $1,500; and interest, $400. (Prepare a single compound journal entry.) Accounts and Explanation Debit Credit Date Apr. 21 Apr. 25: Received $3,100 from a customer on account. Date Apr. 25 Accounts and Explanation Debit Credit Apr. 27: Received a $200 utility bill that will be paid next month. Date Accounts and Explanation Apr. 27 Apr. 29: Received $1,500 for services to be performed next month. Accounts and Explanation Date Apr. 29 Debit Credit Debit Credit Apr. 30: Harper withdrew cash of $1,800. Date Apr. 30 Accounts and Explanation Debit Credit Requirement 2. The accounts listed in the trial balance, together with their balances as of March 31, 2018, have been opened for you in T-account form. Post the journal entries to the ledger (use T-account format). Post all of the April transactions to the T-accounts below using the transaction dates as posting references. Once you have posted all of the transactions, calculate each accounts balance and enter the balance, along with a "Bal." reference on the appropriate side of each T-account. Review the journal entries you prepared in Requirement 1. Cash Accounts Payable Service Revenue Review the journal entries you prepared in Requirement 1. Cash Bal. 23,900 Bal. Accounts Receivable 4,500 Accounts Payable Service Revenue 2,000 Bal. 10,000 Bal. Utilities Payable 0 Bal. Salaries Expense Bal. 800 Unearned Revenue 0 Bal. Rent Expense Ral 1.000 Bal. Bal. Office Supplies 0 Land 0 0 Bal. Bal. Notes Payable 0 Bal. Bal. Harper, Capital Rent Expense 1,000 Interest Expense 0 18,500 Bal. Utilities Expense Bal. 300 Harper, Withdrawals Bal. Requirement 3. Prepare the trial balance of Harper Service Center as of April 30, 2018. Review the ledger accounts you prepared in Requirement 2. Harper Service Center Trial Balance Account Title April 30, 2018 Balance Debit Credit

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