I. Office Supplies 256 Maintenance Expense 108 Miscellaneous Expense 55 Postage Expense 75 Cash Over and Short 12 Cash 482 J. Petty Cash 30 Cash 30 Prepare a trial balance using the journal entries. If an bunt box does not require an entry, leave blank, Domingo Company Trial Balance May 31, 2019 Account Debit Credit Total

Principles of Accounting Volume 1
19th Edition
ISBN:9781947172685
Author:OpenStax
Publisher:OpenStax
Chapter8: Fraud, Internal Controls, And Cash
Section: Chapter Questions
Problem 3PA: Domingo Company started its business on January 1, 2019. The following transactions occurred during...
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I.
Office Supplies
256
Maintenance Expense
108
Miscellaneous Expense
55
Postage Expense
75
Cash Over and Short
12
Cash
482
J.
Petty Cash
30
Cash
30
Prepare a trial balance using the journal entries. If an
bunt box does not require an entry, leave
blank,
Domingo Company
Trial Balance
May 31, 2019
Account
Debit Credit
Total
Transcribed Image Text:I. Office Supplies 256 Maintenance Expense 108 Miscellaneous Expense 55 Postage Expense 75 Cash Over and Short 12 Cash 482 J. Petty Cash 30 Cash 30 Prepare a trial balance using the journal entries. If an bunt box does not require an entry, leave blank, Domingo Company Trial Balance May 31, 2019 Account Debit Credit Total
Domingo Company started its business on May 1, 2019. The following transactions occurred during the month of May and the following entries were recorded.
A. The owners invested $1,000 from their personal account to the business account.
B. Paid rent $500 with check #101.
C. Initiated a petty cash fund $500 with check #102.
D. Received $1,000 cash for services rendered.
E. Purchased office supplies for $158 with check #103.
F. Purchased computer equipment $2,200, paid $1,350 with check #104, and will pay the remainder in 30 days.
G. Received $800 cash for services rendered.
H. Paid wages $800, check #105.
I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $75, miscellaneous expense $55. Cash on hand $18. Check #106.
J. Increased petty cash by $30, check #107.
A.
Cash
1,000
Domingo, Capital
1,000
В.
Rent Expense
500
Cash
500
C.
С.
Petty Cash
500
Cash
500
D.
Cash
1,000
Services Income
1,000
Е.
Office Supplies
158
Cash
158
F.
Computer Equipment
2,200
Cash
1,350
Accounts Payable
850
G.
Cash
800
Services Income
800
Н.
Wages Expense
800
Cash
800
I.
Office Supplies
256
Maintenance Expense
108
Transcribed Image Text:Domingo Company started its business on May 1, 2019. The following transactions occurred during the month of May and the following entries were recorded. A. The owners invested $1,000 from their personal account to the business account. B. Paid rent $500 with check #101. C. Initiated a petty cash fund $500 with check #102. D. Received $1,000 cash for services rendered. E. Purchased office supplies for $158 with check #103. F. Purchased computer equipment $2,200, paid $1,350 with check #104, and will pay the remainder in 30 days. G. Received $800 cash for services rendered. H. Paid wages $800, check #105. I. Petty cash reimbursement: office supplies $256, maintenance expense $108, postage expense $75, miscellaneous expense $55. Cash on hand $18. Check #106. J. Increased petty cash by $30, check #107. A. Cash 1,000 Domingo, Capital 1,000 В. Rent Expense 500 Cash 500 C. С. Petty Cash 500 Cash 500 D. Cash 1,000 Services Income 1,000 Е. Office Supplies 158 Cash 158 F. Computer Equipment 2,200 Cash 1,350 Accounts Payable 850 G. Cash 800 Services Income 800 Н. Wages Expense 800 Cash 800 I. Office Supplies 256 Maintenance Expense 108
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