Income Statement Accounts Sales Revenue Salaries Expense Wages Expense and Interest Expense. a. The owner opened a business account and deposited $60000 in the bank. b. The owner borrowed and deposited $30000 on a note payable to the bank. c. The owner paid one year of rent in advance on the restaurant space $18000 cash. d. The owner purchased equipment $46000; $16000 in cash and the balance on account. e. Furnishings were purchased for $30400 cash. f. The owner purchased $3200 of food inventory on account and paid $3800 cash for beverage inventory. g. The owner purchased supplies for $2650 cash. h. The owner purchased $3800 of food inventory on account. i. The owner paid $2700 for a one-year liability and casualty insurance policy. j. Employees were paid wages of $12800 and salaries of $2400. k. Sales revenue for the first month was $42800; 90% cash 8% credit cards and 2% on accounts receivable. l. The owner paid $16600 on accounts payable. m. The owner paid $8000 on note payable plus interest of $960. Journalize each transaction and then post each transaction to a general ledger; prepare an unadjusted trial balance for the month ended March 31 2006.
how much is the balance of credit account when you prepare an unadjusted tril balance for the month ended.
how much is the balance of debit account when you prepare an unadjusted trail balance for the month ended.
how much is the balance of cash account when you prepare an unadjusted trail balance for the month ended.