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Prepares unadjusted trial balance for doherty tree cellular

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Reference no: EM132585108

Doherty Tree Cellular, Inc., completed the following transactions during April 2012, its first month of operations:

I. Apr 1: Received $19,800 and issued common stock.

II. Apr 2: Purchased $200 of office supplies on account.

III. Apr 4: Paid $14,300 cash for land to use as a building site.

IV. Apr 6: Performed service for customers and received cash of $2,600.

V. Apr 9: Paid $100 on accounts payable.

VI. Apr 17: Performed service for UFax on account totaling $1,900.

VII. Apr 23: Collected $100 from UFax on account.

VIII. Apr 30: Paid the following expenses: salary, $1,900; rent, $1,300.

Required:

Question a) Analyze the transactions.

Question b) Show the effect of transactions on accounting equation.

Question c) Record Doherty Tree Cellular, Inc. journal entries

Question d) Post the journal entries that Doherty Tree Cellular, Inc.

Question e) Prepares unadjusted trial balance for Doherty Tree Cellular, Inc.

Reference no: EM132585108

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