1. Prepare the journal entries to record the February transactions. 2. Set up the following ledger accounts and post all the journal entries: Cash; Accounts Receivable; Store Supplies; Store Equipment; Accounts Payable; Deyro, Capital; Deyro, Drawings; Service Revenue; Salaries Expense; and Utility Expense. (Leave the Account No. portion of the general ledger blank.) E. Prepare a trial balance.

1. Prepare the journal entries to record the February transactions. 2. Set up the following ledger accounts and post all the journal entries: Cash; Accounts Receivable; Store Supplies; Store Equipment; Accounts Payable; Deyro, Capital; Deyro, Drawings; Service Revenue; Salaries Expense; and Utility Expense. (Leave the Account No. portion of the general ledger blank.) E. Prepare a trial balance.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 8EB: Piedmont Inc. has the following transactions for its first month of business: A. What are the...

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