Quiz
1: Prepare and record journal entries
and Trial balance column of worksheet
On October 1,
2013, Sandra started Coconino Pest Control as a sole proprietorship and has the
following transactions:
Oct 1 Sandra invested $55,000 cash.
Oct 1 Sandra borrowed $10,000 from National Bank by
signing a 24 month note at 6% interest.
Oct 1 Sandra purchased a computer system for
$21,000 and equipment for $8,400 both for cash.
Oct 3 The company purchased $1,420 of computer
supplies on credit from Staples.
Oct 6 The company billed customers $4,800 for pest
control services performed.
Oct 10 The company hired Tucker as a part-time
employee for $125 per day, as needed.
Oct 12 The company received $4,800 cash for pest
control services performed.
Oct 15 The
company received $2,400 cash from customers for payment towards accounts.
Oct 17 The company paid $800 cash for repair and maintenance of equipment.
Oct 20 The company paid $1,900 for advertising in
the local newspaper.
Oct 28 The company billed customers $2,200 for pest
control services performed.
Oct 31 The company paid $875 cash for Tuckers wages
for seven days of work this month.
Oct 31 Sandra withdrew $5000 cash
1. Record journal entries to general journal
2. Post the journal entries to the general ledger
accounts
3. Prepare the trial balance in the worksheet
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