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issuances its temporary accounts in journal entry forrm b. Prepare en c. Set up T...

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Accounting

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issuances its temporary accounts in journal entry forrm b. Prepare en c. Set up T each of the ledger accounts, enter the balances above, and post the m. After these entries are posted, what is the post-closing balance of the closing ent Retained Eatsaccount? ROBLEMS Journalizing and Posting Transactions, and Preparing a Trial Balance and Adjustments B. Lougee opened Lougee Roofing Service on April 1, 2015. Transactions for April are as follows Apr. 1 Lougee contributed $11,500 cash to the business in exchange for common stock. L02, 3, 6 P3-40. 1 Paid $2,88 2 Paid $6,100 cash for the purchase of a used truck. 2 Purchased $3,100 of ladders and other equipment; paid $1,000 cash, with the balance due 0 cash for two-year premium toward liability insurance effective immediately in 30 days 5 Purchased $1,200 of supplies on account. 5 Received an advance of $1,800 cash from a customer for roof repairs to be done during April and May. 12 Billed customers $5,500 for roofing services performed

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