Reference no: EM132351257

Question - Beyers Security provides security services. Selected transactions for Beyers are presented below. Journalize transactions, post transactions to T-accounts, and prepare trial balance.

Oct. 1 Received $66,000 cash in the business in exchange for ordinary shares.

Oct. 2 Hired part-time security consultant. Salary will be $2,000 per month. First day of work will be October 15.

Oct. 4 Paid one month of rent for building for $2,000.

Oct. 7 Purchased equipment for $18,000, paying $4,000 cash and the balance on account.

Oct. 8 Paid $500 for advertising.

Oct. 10 Received bill for equipment repair cost of $390.

Oct. 12 Provided security services for event for $3,200 on account.

Oct. 16 Purchased supplies for $410 on account.

Oct. 21 Paid balance due from October 7 purchase of equipment.

Oct. 24 Received and paid utility bill for $148.

Oct. 27 Received payment from customer for October 12 services performed.

Oct.31 Paid employee salaries and wages of $5,100.

Instructions -

a. Journalize the transactions. Do not provide explanations.

b. Post the transactions to T-accounts.

c. Prepare a trial balance at October 31, 2020. (Hint: Compute ending balances of T-accounts first).