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T-Accounts and Trial Balance nning balances are all normal balances Accounts Payable Cash Common Stock...

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Accounting

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T-Accounts and Trial Balance nning balances are all normal balances Accounts Payable Cash Common Stock Equipment Inventory Notes payable Prepaid Insurance 3,500 Accounts Receivable 2,500 5,000 10,000 9,200 1,000 5,000 800 Using the attached t-accounts, post the following entries and create a trial balance. 1. The company pays $1000 to a vendor on an invoice that is due. 2. The company sells services to a customer worth $6,600 which the customer may pay in 30 days. 3. Insurance costs $200 for the time period. 4. The company pays wages of $3500 5. The company takes shipment of $2000 inventory and must pay the invoice in 30 days. 6. A customer pays $1000 on its account

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