All Nine Transactions for Ross Realty for June 2020, the First

question 95

Essay

All nine transactions for Ross Realty for June 2020, the first month of operation, are recorded in the following T accounts: $$\begin{array}{l}\text {Cash}\\\begin{array} { l | l r } \hline(1) 30,000&(3) 7,500 \\(7) 4,900&(5) 2,000\\(9) 3,700&(6) 4,500\\&(8) 2,000\end{array}\end{array}$$ $$\begin{array}{l}\text {Greg Ross, Capital}\\\begin{array} { l | l r } \hline &(1) 30,00\\& \end{array}\end{array}$$ $$\begin{array}{l}\text {Accounts Receivable}\\\begin{array} { l | l r } \hline (4) 4,100&(9) 3,700\\& \end{array}\end{array}$$ $$\begin{array}{l}\text {Greg Ross, Withdrawals}\\\begin{array} { l | l r } \hline (8) 2,000&\\& \end{array}\end{array}$$ $$\begin{array}{l}\text {Supplies}\\\begin{array} { l | l r } \hline (3) 7,500&\\& \end{array}\end{array}$$ $$\begin{array}{l}\text {Fees Earned}\\\begin{array} { l | l r } \hline &(4) 4,100\\& (7) 4,900\end{array}\end{array}$$ $$\begin{array}{l}\text {Equipment}\\\begin{array} { l | l r } \hline (2) 22,500&\\&\end{array}\end{array}$$ $$\begin{array}{l}\text {Operating Expense}\\\begin{array} { l | l r } \hline (6) 4,500&\\&\end{array}\end{array}$$ $$\begin{array}{l}\text {Accounts Payable}\\\begin{array} { l | l r } \hline (5) 2,000&(2) 22,500\\&\end{array}\end{array}$$ Prepare a trial balance, listing the accounts and their balance in proper order.

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