Reference no: EM132489229

Question 1) Journalize the transactions for Caracuta Corp. presented below. If no entry is required, put "No entry" for the account titles and enter 0 for the amounts. Record the journal entries in the order presented below.

Question b) Post the transactions to T-accounts. Post entries in the order of journal entries presented above. For accounts with zero balance put "Balance", "0" or just leave it blank.

Question c) Draw up a trial balance at October 31, 2022.

Oct. 1               Issued common stock in exchange for $68,600 cash from investors.

2                     Hired part-time security consultant. Salary will be $2,100 per month. First day of work will be October 15.

4                     Paid 1 month of rent for building for $2,100.

7                    Purchased equipment for $18,700, paying $4,200 cash and the balance on account.

8                    Paid $1,800 for advertising.

10                  Received bill for equipment repair cost of $430.

12                   Provided security services for event for $3,300 on account.

16                    Purchased supplies for $430 on account.

21                    Paid balance due from October 7 purchase of equipment.

24                     Received and paid utility bill for $154.

27                     Received payment from customer for October 12 services performed.

31                     Paid employee salaries and wages of $5,300