FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Transcribed Image Text:Question 1.
Mrs. Blue, the owner of Blue Moon Company, formed an architectural office at the beginning of March
2018. The following transactions of the Blue Moon Company for March 2018 are as follows:
March 2, 2018: Mrs. Blue started her business by investing TL 250.000 cash.
March 05, 2018: purchased a computer at a price of TL 20.000. Paid 15.000 in cash and signed a note
payable for the remaining.
March 7, 2018: purchased furniture and fixtures for the office on account, TL 20.500.
March 10, 2018: purchased supplies for TL 2.800 cash.
March 12, 2018: provided architectural service for TL 55.000 on account.
March 15, 2018: received TL 25.000 from a customer in advance and agreed to perform design services
of that customer's house.
March 23, 2018: received TL 15.200 from March 12 customer.
March 26, 2018: Mrs. Blue withdrew money from the business, TL 15.000.
March 30, 2018: earned service revenue of TL 22.500 and received cash.
March 30, 2018: paid the first month's rent, TL 10.200 (not in advance).
Please make the journal entries and post to the T-accounts ·
Prepare the Unadjusted Trial Balance
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