P3-6A This is the trial balance of Slocombe Company on September 30.

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P3-6A This is the trial balance of Slocombe Company on September 30.

SLOCOMBE COMPANY
Trial Balance
September 30, 2010

Debit Credit
Cash $ 8,300
Accounts Receivable 2,600
Supplies 2,100
Equipment 8,000
Accounts Payable $ 5,100
Unearned Revenue 900
Common Stock 15,000
$21,000 $21,000

The October transactions were as follows.

Oct. 5 Received $1,300 in cash from customers for accounts receivable due.

10 Billed customers for services performed $5,100.

15 Paid employee salaries $1,400.

17 Performed $600 of services for customers who paid in advance
in August.

20 Paid $1,500 to creditors for accounts payable due.

29 Paid a $300 cash dividend.

31 Paid utilities $500.

Instructions

(a) Prepare a general ledger using T accounts. Enter the opening balances in the ledger
accounts as of October 1. Provision should be made for these additional accounts:
Dividends, Service Revenue, Salaries Expense, and Utilities Expense.

(b) Journalize the transactions, including explanations.

(c) Post to the ledger accounts.

(d) Prepare a trial balance on October 31, 2010.