52 based on the following transactions that occurred during 2014 prepare a trial bal 4300904

52) Based on the following transactions that occurred during 2014, prepare a trial balance dated December 31, 2014, for Wellman Water Services

 

a) Randy Wellman invested $13,000 cash in the business.

b) Purchased $500 of supplies on account.

c) Bought equipment on account, $5,000.

d) Performed $6,000 of services on account.

e) Performed $3,000 of services for cash.

f) Paid $3,000 on equipment purchased in transaction c.

g) Paid salaries to employees for the current period, $2,500.

53) Journalize the following transactions for Redmond Storage and prepare a trial balance dated June 30, 2014.

a) Owner, Roger Redmond invested $10,000 cash into the business.

b) Rented an office and paid one month's rent, $1,100.

c) Purchased $450 of supplies on account.

d) Performed a service on account, $1,550.

e) Paid $2,500 cash for office furniture.

f) Owner, Roger Redmond withdrew $1,700 cash for personal use.

g) Collected $1,200 on account.