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Reproduce the journal entries for only the transactions

Assignment Help Managerial Accounting
Reference no: EM13532902

Here is the ledger for Stampfer Co.

Cash



Common Stock

Oct.

1

7,000

Oct.

4

400

Oct.

1

7,000

10

980

12

1,500

25

2,000

10

8,000

15

250



20

700

30

300



25

2,000

31

500



Accounts Receivable



Dividends

Oct.

6

800

Oct.

20

700

Oct.

30

300

20

920






Supplies



Service Revenue

Oct.

4

400

Oct.

31

180

Oct.

6

800







10

980







20

920

Equipment



Salaries and Wages Expense

Oct.

3

3000

Oct.

31

500












Notes Payable



Supplies Expense




Oct.

10

8000

Oct.

31

180

Accounts Payable



Rent Expense

Oct.

12

1500

Oct.

3

3000

Oct.

15

250

Instructions

(a) Reproduce the journal entries for only the transactions that occurred on October 1,10, and 20, and provide explanations for each.

(b) Prepare a trial balance at October 31, 2012. (Hint:Compute ending balances of T accounts first.)

Reference no: EM13532902

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