Payable
Unearned
Service
Revenue 3,940
Common
Stock 19,640
Retained
Earnings 13,840
$46,860 $46,860
The October transactions were as follows.
Oct.
5 Received $1,500 in cash from customers for accounts
receivable due.
10 Billed customers for services performed $5,840.
15 Paid employee salaries $1,000.
17 Performed $600 of services in exchange for cash.
20 Paid $1,950 to creditors for accounts payable due.
29 Paid a $260 cash dividend.
31 Paid utilities $420.
Prepare a general ledger using T-accounts. Enter the opening
balances in the ledger accounts as of October 1.