Reference no: EM132489229
Question 1) Journalize the transactions for Caracuta Corp. presented below. If no entry is required, put "No entry" for the account titles and enter 0 for the amounts. Record the journal entries in the order presented below.
Question b) Post the transactions to T-accounts. Post entries in the order of journal entries presented above. For accounts with zero balance put "Balance", "0" or just leave it blank.
Question c) Draw up a trial balance at October 31, 2022.
Oct. 1 Issued common stock in exchange for $68,600 cash from investors.
2 Hired part-time security consultant. Salary will be $2,100 per month. First day of work will be October 15.
4 Paid 1 month of rent for building for $2,100.
7 Purchased equipment for $18,700, paying $4,200 cash and the balance on account.
8 Paid $1,800 for advertising.
10 Received bill for equipment repair cost of $430.
12 Provided security services for event for $3,300 on account.
16 Purchased supplies for $430 on account.
21 Paid balance due from October 7 purchase of equipment.
24 Received and paid utility bill for $154.
27 Received payment from customer for October 12 services performed.
31 Paid employee salaries and wages of $5,300
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