Solution-Reproduce the journal entries for only the

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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Reproduce the journal entries for only the transactions

Reference no: EM13532902

Reference no: EM13532902

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