ANANCIAL TBC Account Assingment Help With Solution

ACCOUNTING PRINCIPLES I – ANANCIAL
TBC CHAPTER 2 – RECORDING, POSTING, TRIAL BALANCE

Olsen Company rents and sells sound equipment. During September, 2014,
Olsen engaged in the transactions described below.
Chart of Accounts Aug. 31 Balances

Acct. No. Account Title Debit Credit
100 Cash 40,000
105 Accounts Receivable 3,000
110 Merchandise Inventory 2,600
115 Office Supplies \ 800
150 Truck
200 Accounts Payable 8,000
210 Notes Payable 14,000
300 Common Stock 20,000
310 Retained Earnings 4,400
320 Dividends
400 Rental Revenue
500 Wages Expense
sept, B’ Purchased a truck for $34,900 cash

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention product code mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with product code in the email body. Product code is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.

Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to product code . The date is asked to provide deadline.

Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.

Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.

Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.

Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Features

Features for Assignment Help

Zero Plagiarism
We believe in providing no plagiarism work to the students. All are our works are unique and we provide Free Plagiarism report too on requests.

Relevancy
We believe in providing perfect, relevant and 100% accurate solutions to the student as per questions asked. All our experts are perfect in providing that so as to give unique experience to the students.

Three Stage Quality Check
We are the only service providers boasting of providing original, relevant and accurate solutions. Our three stage quality process help students to get perfect solutions.

100% Confidential
All our works are kept as confidential as we respect the integrity and privacy of our clients.

Related Services

sept, B’ Purchased a truck for $34,900 cash.
–8Purchased inventory for $3,400 on account.
10 Purchased $1,450 of office supplies on credit.
11 Rented sound equipment to a traveling folk band for $12,800. The band
paid for the service at the time it was provided.
12 Rented sound equipment and lights to a local college for a school dance
for $3,600. The college will pay for the services within 15 days.
18 Paid employee wages of $4,170 that have been earned during September
22 Collected the receivable from the September 12 transaction.
23 Borrowed $14,100 cash from a bank on a two-year note payable.
28 Sold common stock to a new stockholder for $40,000 .–
30 Paid a $4,350 cash dividend to stockholders.
Instructions:
1. Enter the August 31 balances in the general ledger.
2. Using the chart of accounts, prepare the journal entries for the month of September (page 4).
3. Post the entries to the general ledger.
4. Prepare a trial balance.

Product Code :Acc35

To get answer for this question, kindly click here (Note: Don’t forget to write the product code in comment section)

You can also email us at assignmentconsultancy.help@gmail.com but please mentioned product code in the mail body while sending emails.You can browse more questions to get answer in our Q&A sections here.

Summary