Problem 3-1 The Joan Macadore Agency began business in September of 20XX. Listed below are...
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Problem 3-1 The Joan Macadore Agency began business in September of 20XX. Listed below are the transactions that took place. Omit explanations. Sept. 1 Sept. 3 Owner, Joan Macadore, invested $80,000 in the business. Purchased $1500 of office supplies and $5,500 of office equipment on account. Provided services to client on account, $3,300. Paid three months rent, $2,100 | Sept. 4 Sept. 5 payroll salaries, Sex & Son 10 personal use. for 15 Provided services and collected, $3,900. Paid $2,000 on outstanding account payable. Owner, Joan Macadore, withdrew $500 from the agency for Received utility bill, $425, which is due next month. Received $2,500 from the outstanding accounts receivable. Open the following ledger accounts: J. Macadore, Capital - 310 J. Macadore, Withdrawals 320 Using the ledger account titles in requirement "a.," prepare the Service Revenue - 410 Salaries Expense 512 Utilities Expense - 515 Serx220 Sort 35 Reguimd P Cash-110 Accounts Receivable - 113 Office Supplies - 117 Prepaid Rent - 118 Office Equipment - 120 Accounts Payable - 210 b. c d entries for the transactions. Post the entries to the General Ledger. Prepare a trial balance
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