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t accounts and trial balance Debit Credit shift 100,000 100,000 fn...

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Accounting

t accounts and trial balance
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Debit Credit shift 100,000 100,000 fn 4 12,000 40,000 2.900 2,900 3,600 3,600 4,900 General Journal for Reno/Tahoe Charter Service Date Account Titles and Explanation 2020 Sept. 1 Cash Common Stock (Stockholders invested cash in business) Equipment 52,000 Cash Notes Payable (Paid cash down payment and signed a 5-year, 8% note for Custom Charter Bus) 8 Rent Expense Cash (Paid September rent) 15 Prepaid Insurance Cash (Paid one-year liability insurance) 18 Cash Charter Service Revenue (Received cash for charter services) Salaries and Wages Expense Cash (Paid salaries for current period) 25 Utilities Expense 310 Accounts Payable (Received a bill for September utilities) 30 Dividends Cash (Paid dividends) 30 Accounts Receivable 5,100 Charter Service Revenue (Billed customer for charter services) Instructions 1. Post the journal entries above to the attached general ledger "T" accounts starting on the next page. If you prefer, you can create your own T accounts and turn them in instead 4,900 20 2,500 2,500 310 1,200 1,200 5,100 2. After posting to "T" accounts, fill in the trial balance using the form provided, or if you prefer, you can create and prepare your own trial balance and turn it in instead

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