Pam Black owns Artsy Graphics, a firm providing designs for advertisers Cash $6,800 Accounts Payable $2,100...

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General Journal Description Debit Credit To record payment of rent expense. To record collections from customers o oo oo oo T

Journal Entries RT-ACCOUNS T Dola! ARTSY GRAPHICS Trial Balance July 31 Debit Credit Cash O O O o O o O o o Accounts Receivab

Transaction Analysis and Trial Balance Pam Black owns Artsy Graphis, a firm providing designs for advertisers and market anal

Journal Entries Accounts Trial Balance General Journal Description Debit To record payment of rent expense de Castro comer To

The following transactions occurred during the month of July 1 Paid July rent, 5510 2 Collected $7.100 on account from custom

Pam Black owns Artsy Graphics, a firm providing designs for advertisers Cash $6,800 Accounts Payable $2,100 Accounts Receivable 10,700 Notes Payable 4,200 Common Stock 2,000 Retained Earnings 9,200 Total Assets $17.500 Total Liabilities and Stockholders' Equity $17,500 The following transactions occurred during the month of July: 1 Paid July rent, $510. 2 Collected $7,100 on account from customers. 3 Paid $1,800 installment due on the $3,300 noninterest-bearing note payable. 4 Billed customers for design services rendered on account. $18.100. 5 Rendered design services and collected from cash customers, $1,200. 6 Paid $1,400 to creditors on account. 7 Collected $12,750 on account from customers. 8 Paid a delivery service for delivery of graphics to commercial firms, $650. 9 Paid July salaries, 55,300. 10 Received invoice for July advertising expense, to be paid in August, $600. 11 Paid utilities for July, $250. 12 Paid stockholders a dividend of $2,000 cash. 13 Received invoice for supplies used in July, to be paid in August, $2,260. 14 Purchased computer for $7,000 cash to be used in business starting next month. Required:

General Journal Description Debit Credit To record payment of rent expense. To record collections from customers o oo oo oo To record payment of notes payable To record customer billings To record service fees rendered and collected To record payments to creditors OOOOOOOOOOOOOOOOOOOOOOOO To record collections from customers To record payment of delivery expense oO OO OOO 19) To record salaries expense. 110) To record advertising expense to be paid following month To record payment of utilities expense. (12) To record payment of dividends To record supplies expense for the month To record purchase of computer Please answer all parts of the question

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Journal Entries RT-ACCOUNS T Dola! ARTSY GRAPHICS Trial Balance July 31 Debit Credit Cash O O O o O o O o o Accounts Receivable Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dividends Service Fees Earned Rent Expense Salaries Expense Delivery Expense Advertising Expense Utilities Expense Supplies Expense Totals o o o оооооооооо o o o o o Please answer all parts of the question.

Transaction Analysis and Trial Balance Pam Black owns Artsy Graphis, a firm providing designs for advertisers and market analysts. On July 1, the business's general ledger showed the following normal account balances 36800 Mounts Paya $2,100 Routewable 10.700 N Payable Common Stock Retained Farnings Total Assets $120 b and Stockh out $17.500 The following transactions occurred during the month of July 1 Paidret 510 Colletted ,10 on account om customers Paid installant due t o noninterest bearing not payable 4tiledomers for de r es rendered on account 1.100 5 Rendered design services and colected from canh customers $1.200. 6 Paid 5400 ta creditorscount 1 panda solivery service for deliveryographics to commercial firma sesa 110 Received invoice for juty advertising expense to be paid in AuguuL 1600 (12 maid stadhalsars dividonda $2,000 cash, is norvedrvoice for supplies used insly to be paid in august $2.260 14 Purchased componer for $7.000 cast to be used in business starting next month

Journal Entries Accounts Trial Balance General Journal Description Debit To record payment of rent expense de Castro comer To recordament of notes payable o record customer bile record service fees rendered and collected To record payments to creditors OOGLE To record payment of delivery expense to record advertising expense to be paid follow me record set ofte To record supplies erpe To record purchase of compuse © Type here to search

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The following transactions occurred during the month of July 1 Paid July rent, 5510 2 Collected $7.100 on account from customers 3 Paid 51 300 installment due on the 53.300 noninterest-bearing note payable 4 Billed customers for design services rendered on account $18.100 5 Rendered design services and collected from cash customers. 51.200 6 Paid $1.400 to creditors on account. 7 Collected $12.750 on account from customers 8 Paid a delivery service for delivery of graphics to commercial Sms 5650 9 Paid july salaries 55.300 10 Received invoice for july advertising expense to be paid in August, 5600 11 Paid utilities for July 5250. 12 Paid stockholders a dividend of $2.000.cash. 13 Received invoice for supplies used in July, to be paid in August 52.260 14 Purchased computer for $7.000 cash to be used in business starting next month Required: a. Set up accounts for the general ledger with July 1 balances and enter the beg the appropriate T-accounts b. Prepare a trial balance as of July 31 Journal Entries Accounts Trial Balance ARTSY GRAPHICS Trial Balance July 31 Debit Credit Accounts Receivable Equipment Accounts Payable Notes Payable Common Stock Retained Earnings Dends oooooooooo Service Fees Earned оооооооооо Rent Expense Salaries Expense Delivery Expense Advertising Expense Utilities Expense Supplies Expense Totals Please answer all parts of the question

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Journal Entries:     Ref.  Description  Debit  Credit    1  Rent expense  $510        Cash    $510      [To record payment of rent expense]                  2  Cash  $7,100        Accounts receivable    $7,100      [To record collection form customers]                  3  Notes payable  $1,800        Cash    $1,800      [To record payment of notes payable]                  4  Accounts receivable  $18,100        Service fees earned    $18,100      [To record customer billings]                  5  Cash  $1,200        Service fees earned    $1,200      [To record service fees rendered and collected]                  6  Accounts payable  $1,400        Cash    $1,400      [To record payments to creditors]                  7  Cash  $12,750        Accounts receivable    $12,750      [To record collections from customers]                  8  Delivery expense  $650        Cash    $650      [To record payment of delivery expense]                  9  Salaries expense  $5,300        Cash    $5,300      [To record salaries expense]                  10  Advertising expense  $600        Accounts payable    $600      [To record advertising expense to be paid following month]                  11  Utilities expense  $250        Cash    $250      [To record payment of utilities expense]                  12  Dividends  $2,000        Cash    $2,000      [To record payment of dividends]                  13  Supplies expense  $2,260        Accounts payable    $2,260      [To record supplies expense for the month]                  14  Equipment  $7,000        Cash    $7,000      [To record purchase of computer]        T-Accounts:     Cash    Service fees earned    Beg. Bal.  $6,800  1  $510      4  $18,100    2  $7,100  3  $1,800      5  $1,200    5  $1,200  6  $1,400      End.Bal.  $19,300    7  $12,750  8  $650          11  $250  Rent expense        12  $2,000  1  $510            14  $7,000  End.Bal.  $510        End.Bal.  $14,240            Salaries expense    Accounts receivable  9  $5,300        Beg. Bal.  $10,700  2  $7,100  End.Bal.  $5,300        4  $18,100  7  $12,750          9  $5,300  Delivery expense    End.Bal.  $3,650      8  $650          End.Bal.  $650        Equipment      14  $7,000      Advertising expense    End.Bal.  $7,000      10  $600          End.Bal.  $600        Accounts payable      6  $1,400  Beg. Bal.  $2,100  Utilities expense        10  $600  11  $250            13  $2,260  End.Bal.  $250            End.Bal.  $3,560        Supplies expense    Notes payable  13  $2,260        3  $1,800  Beg. Bal.  $4,200  End.Bal.  $2,260            End.Bal.  $2,400        Dividends    Common stock  12  $2,000            Beg.Bal.  $2,000  End.Bal.  $2,000            End.Bal.  $2,000          Retained Earnings        Beg. Bal.  $9,200        End.Bal.  $9,200        Trial Balance:     ARTSY GRAPHICS    Trial Balance    July 1    Account title  Debit  Credit    Cash  $14,240      Accounts receivable  $3,650      Equipment  $7,000      Accounts payable    $3,560    Notes payable    $2,400    Common stock    $2,000    Retained Earnings    $9,200    Service fees earned    $19,300    Rent expense  $510      Salaries expense  $5,300      Delivery expense  $650      Advertising expense  $600      Utilities expense  $250      Supplies expense  $2,260      Dividends  $2,000      Total  $36,460  $36,460   .

Pam Black owns Artsy Graphics, a firm providing designs for advertisers Cash $6,800 Accounts Payable $2,100...

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Ref.	Description	Debit	Credit
1	Rent expense	$510
	Cash		$510
	[To record payment of rent expense]

2	Cash	$7,100
	Accounts receivable		$7,100
	[To record collection form customers]

3	Notes payable	$1,800
	Cash		$1,800
	[To record payment of notes payable]

4	Accounts receivable	$18,100
	Service fees earned		$18,100
	[To record customer billings]

5	Cash	$1,200
	Service fees earned		$1,200
	[To record service fees rendered and collected]

6	Accounts payable	$1,400
	Cash		$1,400
	[To record payments to creditors]

7	Cash	$12,750
	Accounts receivable		$12,750
	[To record collections from customers]

8	Delivery expense	$650
	Cash		$650
	[To record payment of delivery expense]

9	Salaries expense	$5,300
	Cash		$5,300
	[To record salaries expense]

10	Advertising expense	$600
	Accounts payable		$600
	[To record advertising expense to be paid following month]

11	Utilities expense	$250
	Cash		$250
	[To record payment of utilities expense]

12	Dividends	$2,000
	Cash		$2,000
	[To record payment of dividends]

13	Supplies expense	$2,260
	Accounts payable		$2,260
	[To record supplies expense for the month]

14	Equipment	$7,000
	Cash		$7,000
	[To record purchase of computer]

Cash				Service fees earned
Beg. Bal.	$6,800	1	$510			4	$18,100
2	$7,100	3	$1,800			5	$1,200
5	$1,200	6	$1,400			End.Bal.	$19,300
7	$12,750	8	$650
		11	$250	Rent expense
		12	$2,000	1	$510
		14	$7,000	End.Bal.	$510
End.Bal.	$14,240
				Salaries expense
Accounts receivable				9	$5,300
Beg. Bal.	$10,700	2	$7,100	End.Bal.	$5,300
4	$18,100	7	$12,750
		9	$5,300	Delivery expense
End.Bal.	$3,650			8	$650
				End.Bal.	$650
Equipment
14	$7,000			Advertising expense
End.Bal.	$7,000			10	$600
				End.Bal.	$600
Accounts payable
6	$1,400	Beg. Bal.	$2,100	Utilities expense
		10	$600	11	$250
		13	$2,260	End.Bal.	$250
		End.Bal.	$3,560
				Supplies expense
Notes payable				13	$2,260
3	$1,800	Beg. Bal.	$4,200	End.Bal.	$2,260
		End.Bal.	$2,400
				Dividends
Common stock				12	$2,000
		Beg. Bal.	$2,000	End.Bal.	$2,000
		End.Bal.	$2,000

Retained Earnings
		Beg. Bal.	$9,200
		End.Bal.	$9,200

ARTSY GRAPHICS
Trial Balance
July 1
Account title	Debit	Credit
Cash	$14,240
Accounts receivable	$3,650
Equipment	$7,000
Accounts payable		$3,560
Notes payable		$2,400
Common stock		$2,000
Retained Earnings		$9,200
Service fees earned		$19,300
Rent expense	$510
Salaries expense	$5,300
Delivery expense	$650
Advertising expense	$600
Utilities expense	$250
Supplies expense	$2,260
Dividends	$2,000
Total	$36,460	$36,460