Question

The T-accounts below summarize the ledger of Larkspur, Inc. at the end of the first month of operations.

Cash

Apr. 1

14,000

Apr. 15

740

Apr. 12

720

Apr. 25

3,300

Apr. 29

860

Apr. 30

830

Accounts Receivable

Apr. 7

5,300

Apr. 29

860

Supplies

Apr. 4

7,200

Accounts Payable

Apr. 25

3,300

Apr. 4

7,200

Unearned Service Revenue

Apr. 30

830

Common Stock

Apr. 1

14,000

Service Revenue

Apr. 7

5,300

Apr. 12

720

Salaries and Wages Expense

Apr. 15

740

(a)

Prepare the journal entries that resulted in the amounts posted to the accounts. Present them in the order they occurred. (If no entry is required, select “No Entry” for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem.)

Date

Account Titles and Explanation

Debit

Credit

(b)

Prepare a trial balance at April 30, 2017.

Debit

Credit

Cash

Apr. 1

14,000

Apr. 15

740

Apr. 12

720

Apr. 25

3,300

Apr. 29

860

 

 

Apr. 30

830

 

 

Accounts Receivable

Apr. 7

5,300

Apr. 29

860

Supplies

Apr. 4

7,200

 

 

Accounts Payable

Apr. 25

3,300

Apr. 4

7,200

Unearned Service Revenue

 

 

Apr. 30

830

Common Stock

 

 

Apr. 1

14,000

Service Revenue

 

 

Apr. 7

5,300

 

 

Apr. 12

720

Salaries and Wages Expense

Apr. 15

740