I need a little help with figuring out the unadjusted trial balance for the following transactions: 1. Mr. Johnson invested $12,000 cash in the business. 2. Purchased supplies on account, $5,750 3. Paid operating expenses, $5,000 4. Billed Clients for fees, $6,940 5. Received cash from cash clients, $4,200 6. Paid creditors on account, $1,000 7. Received $2,600 from clients on account 8. Withdrew $1,000 cash for personal use. I am always getting $23,690 as the unadjusted trial balance, but my teacher says that it is in fact $27,890. Please show some work or explain how you got your answer. Thanks.
Debits: Cash $11,800 Phenix City $4,340 Operating expenses $5,000 Johnson - drawings $1,000 Supplies $5,750 Total $27,890 Credits: Fees revenue $11,140 Johnson - capital $12,000 AP $4,750 Total $27,890 Received cash from cash clients, $4,200: Dr Cash $4,200 Cr Fees revenue $4,200 Could you have done this instead?: Dr Cash $4,200 Cr Phenix City $4,200
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A van 's just buy something with complete cash. no funding that is all. --- both parents attention must autograph by various papers.