Reference no: EM133106818
Question - Riverbed Corp provides security services. Selected transactions for Riverbed Corp are presented below.
Oct. 1 Issued common stock in exchange for $67,300 cash from investors.
Oct. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15.
Oct. 4 Paid 1 month of rent for building for $2,000.
Oct. 7 Purchased equipment for $18,400, paying $4,100 cash and the balance on account.
Oct. 8 Paid $1,700 for advertising.
Oct. 10 Received bill for equipment repair cost of $420.
Oct. 12 Provided security services for event for $3,300 on account.
Oct. 16 Purchased supplies for $420 on account.
Oct. 21 Paid balance due from October 7 purchase of equipment.
Oct. 24 Received and paid utility bill for $151.
Oct. 27 Received payment from customer for October 12 services performed.
Oct. 31 Paid employee salaries and wages of $5,200.
Required -
Part 1 - Journalize the transactions.
Part 2 - Post the transactions to T-accounts.
Part 3 - Prepare a trial balance at October 31, 2022.
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