For three days now ive been trying to get my t-accounts

Reference no: EM13611027

For three days now I've been trying to get my t-accounts andtrial balance to equal to each other but it seems like no matterwhat I do, I can't seem to get the t-accounts to equal to the trialbalance. Can anyone help me? Below is the problem.
During the first month of operations (April 20X1), MusicServices Corporation completed the following selectedtransactions:
a. The bus. received cash of $25,000 and a building valued at$50,000. The corporation issued common stock to thestockholders.
b. Borrowed $50,000 from the bank; signed a notepayable.
c. Paid $60,000 for music equipment.
d. Purchased supplies on accont, $1,000.
e. Paid employees' salaries, $1,300.
f. Received $500 for service performed for customers.
g. Performed service for customers on account,$1,800.
h. Paid $600 of the account payable created in Transactiond.
i. Received a $500 bill for utility expense that will be paidin the near future.
j. Received cah on account, $1,100.

k. Paid the following cash expenses: (1) rent, $1,000; (2)advertising, $800.
Record the foregoing transactions directly in the T-accounts(using the letters to identify the transactions) and prepare thetrial balance of Music Services Corp. at April 30, 20X1.

Reference no: EM13611027

Questions Cloud

On 30th november 2009 mr ali submitted a tender for sale of : ali is running hyper star traders a soleproprietorship business located at the mall road lahore. at theyear end the

A car is exiting the 105 freeway at sepulveda south at a : a car is exiting the 105 freeway at sepulveda south at a constant speed of 40 miles per hour. the freeway ramp is a

Gibbs company has a contribution margin of 300000 and a : gibbs company has a contribution margin of 300000 and a contribution margin ratio of 30. how much are total variable

Clculate - a the molar composition of product gases b the : an engine uses methanol ch3oh as a fuel with 300 excess air. air enters the engine at 1 bar and 25 c and is mixed with

For three days now ive been trying to get my t-accounts : for three days now ive been trying to get my t-accounts andtrial balance to equal to each other but it seems like no

An observer on the train however sees the drops fall : a train travels due south at32 msrelative to the ground in a rain that is blown toward the south by the wind. the path

Steam flowing in a supply line at 2000 kpa is throttled : steam flowing in a supply line at 2000 kpa is throttled through a valve to 100 kpa and 120 deg c. determine the

Mayer instrumentation sold a depreciable asset for cash of : mayer instrumentation sold a depreciable asset for cash of 400000. the original cost of the asset was 1400000. mayer

A falling stone takes 033s to travel past a window 22m tall : a falling stone takes 0.33s to travel past a window 2.2m tall. from what height above the top of the window did the

User Account

All Pages