12/8/2019 Ch 3: Homework B
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Ch 3: Homework B
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--/1Question 1
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ent Attempt in Progress
Kingbird, Inc.’s general ledger at April 30, 2022, included the following: Cash $4,800, Supplies $480,
Equipment $23,040, Accounts Payable $2,020, Notes Payable $9,600, Unearned Service Revenue
(from gift certi�cates) $960, Common Stock $4,800, and Retained Earnings $10,940. The following
events and transactions occu
ed during May.
May 1 Paid rent for the month of May $960.
4 Paid $1,060 of the account payable at April 30.
7 Issued gift certi�cates for future services for $1,440 cash.
8 Received $1,150 cash from customers for services performed.
14 Paid $1,150 in salaries to employees.
15 Received $770 in cash from customers for services performed.
15 Customers receiving services worth $670 used gift certi�cates in payment.
21 Paid the remaining accounts payable from April 30.
22 Received $960 in cash from customers for services performed.
22 Purchased supplies of $670 on account. All of these were used during the month.
25 Received a bill for advertising for $480. This bill is due on June 13.
25 Received and paid a utilities bill for $380.
29 Received $1,630 in cash from customers for services performed.
29 Customers receiving services worth $580 used gift certi�cates in payment.
31 Interest of $50 was paid on the note payable.
31 Paid $1,150 in salaries to employees.
31 Paid income tax payment for the month $140.
12/8/2019 Ch 3: Homework B
https:
online.valenciacollege.edu/courses/56501/assignments/ XXXXXXXXXX/10
Part 1
Using T-accounts, enter the beginning balances in the general ledger as of April 30, 2022.
Cash
Supplies
Equipment
Accounts Payable
Notes Payable
Unearned Service Revenue
Common Stock
Retained Earnings
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12/8/2019 Ch 3: Homework B
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Part 2
eTextbook and Media
List of Accounts
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Journalize the May transactions. (If no entry is required, select "No entry" for the account titles and
enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do
not indent manually. Record journal entries in the order presented in the problem.)
Date Account Titles and Explanation Debit
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12/8/2019 Ch 3: Homework B
https:
online.valenciacollege.edu/courses/56501/assignments/ XXXXXXXXXX/10
12/8/2019 Ch 3: Homework B
https:
online.valenciacollege.edu/courses/56501/assignments/ XXXXXXXXXX/10
Part 3
eTextbook and Media
List of Accounts
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Post the May journal entries to the ledger. (Post entries in the order of information presented in the
question.)
Cash
Apr. 30 4,800
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12/8/2019 Ch 3: Homework B
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Supplies
Apr XXXXXXXXXX
Equipment
Apr. 30 23,040
Accounts Payable
Apr. 30 2,020
Notes Payable
Apr. 30 9,600
Unearned Service Revenue
Apr XXXXXXXXXX
12/8/2019 Ch 3: Homework B
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online.valenciacollege.edu/courses/56501/assignments/ XXXXXXXXXX/10
Common Stock
Apr. 30 4,800
Retained Earnings
Apr. 30 10,940
Service Revenue
Salaries and Wages Expense
12/8/2019 Ch 3: Homework B
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online.valenciacollege.edu/courses/56501/assignments/ XXXXXXXXXX/10
Rent Expense
Supplies Expense
Advertising Expense
Utilities Expense
Interest Expense
Income Tax Expense
12/8/2019 Ch 3: Homework B
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online.valenciacollege.edu/courses/56501/assignments/ XXXXXXXXXX/10
Part 4
eTextbook and Media
List of Accounts
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Prepare a trial balance on May 31, 2022.
KINGBIRD, INC.
Trial Balance
Debit
$ $
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12/8/2019 Ch 3: Homework B
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Totals $ $
eTextbook and Media
List of Accounts