Financial Accounting: E3-19 The following information pertains to York Rafting Company
Financial Accounting E3-19 Posting Transactions The following information pertains to York Rafting Company: Jan 2. Issued common stock to investors for $25,000. Jan 3. Bought $3,500 of supplies on account. Jan 4. Paid rent for January in the amount of $1,200. Jan 9. Billed a customer $7,000 for services provided. Jan 16. Paid $1,500 cash to vendor for the January 3 purchase. Jan 24. Borrowed $10,000 from local bank. Jan 26. Received payment for billing made on January 9.
Required: a. Post the journal entries to their appropriate T-accounts. If an amount box does not require an entry, leave it blank. b. Prepare a trial balance at January 31. List the accounts in chart of accounts order. Enter all amounts as positive numbers.