Reference no: EM132812636

Question - Ewole Catering Services is a sole proprietorship owned by Leslie Lowe. The closing balances at the end of August 2021 and the chart of accounts are shown below.

During the month of September, Ewole had the following transactions.

Sep 1 Paid $1,800 cash in advance for a one-year insurance policy

Sep 2 Received $1,900 cash for services provided

Sep 3 Paid $1,350 cash for September's rent

Sep 4 Purchased office supplies on account worth $250

Sep 10 Paid $960 toward the bank loan principal and $40 of interest on the loan

Sep 20 Received $2,200 cash from a customer booking services in advance

Sep 22 Collected $850 from a customer paying their account

Sep 24 Paid $600 toward accounts payable

Sep 30 The owner withdrew $1,600 cash for personal use

Required -

a) Prepare the journal entries for the month of September.

b) Post the journal entries to the ledger accounts.

c) Prepare trial balance at the end of September.