Appendix L
Journalizing, Posting, and Preparing a Trial Balance
Shelby Oaks Dentistry
Use this template to complete the assignment per the instructions below
Shelby Oaks Dentistry Chart of Accounts:
No. 101 Cash
No. 112 Accounts Receivable
No. 126 Supplies
No. 201 Accounts Payable
No. 205 Unearned Revenue
No. 311 Common Stock
No. 400 Service Revenue
No. 726 Rent Expense
No. 729 Salaries Expense
During the first month of operation of Shelby Oaks Dentistry the following transactions occurred:
June 1 Stockholders invested $40,000 cash in exchange for common stock
1 Paid Rent for the month $1,000
7 Purchased supplies on account for $4,000
10 Received $2,100 cash for dental services completed
13 Provided dental services on account for $5,100
25 Received a $500 cash advance for services not yet rendered
30 Paid $1,600 of the amount due on account for supplies
30 Received payment of $1,500 for dental services on account
30 Paid dental assistant for the month $2,400
Instructions
(a) Journalize the transactions on the tab labeled General Journal
(b) Post the transactions to the ledger accounts tab labeled Ledger Accounts
---------Be sure to calculate the balance in the account after each posted transaction
(c) Prepare a trial balance at June 30, 2010 on the tab labeled Trial Balance
Click here for the solution: Appendix L : During the first month of operation of Shelby Oaks Dentistry the following transactions occurred
