Reference no: EM132787647

Question - On April 1, 2015, Alykhan Sunderji established an interior decorating business, Yaletown Interiors. During the month, Alykhan completed the following transactions: Apr. 1. 2. 6. 10. 12. 15. 23. 29. 30. Alykhan transferred cash from a personal bank account to an account to be used for the business, $15,000. Paid rent for period of April 2 to end of month, $2,350. Purchased office equipment on account, $10,000. Purchased supplies for cash, $1,200. Received cash for job completed, $8,500. Sent his girlfriend flowers paid for on his own credit card, $90. Recorded jobs completed on account and sent invoices to customers, $6,000. Paid utilities expense, $1,100. Paid creditor a portion of the amount owed for equipment purchased on April 6, $2,500.

Instructions -

1. Journalize each transaction in a two-column journal, referring to the following chart of accounts in selecting the accounts to be debited and credited.

2. Post the journal to a ledger of three-column accounts, inserting appropriate posting references as each item is posted. Extend the balances after each transaction is posted, and note whether the balance is a debit or credit.

3. Prepare an unadjusted trial balance as at April 30, 2015.