Reference no: EM131708756

Geezer Wheels Service, Inc
1. Investors bought stock in the company for $65, 000.
2. The business paid the store rent of $4,500 for the month.
3. The business bought supplies for $150 on the account.
4. The business had cash sales of $15,000
5. The business paid for a One-month insurance policy-$200.
6. The business had credit sales for $6,000
7. Received an advertising bill of $750-will pay next month
8 Paid salaries for the month of $5,000
9. Collected $4,500 from customers on account
10. Paid the account in #3 above ($150)

1 Complete the table blow.
                                      Geezer Wheels Service, Inc
                                         First Month of Business
    Cash   +   Accts.Rec  + Supplies  =  Accts. Pay  + Common Stk  + Revenue + Expeneses
                                                         +65,000

2 Make a General Journal entries for the above table.

3 Post to "T" accounts Sheet.

4 Make a Trial Balance Sheet.