Prepare a Trial Balance for Zeng Inc

question 54

Essay

Prepare a trial balance for Zeng Inc.dated April 30,2017,based on the following transactions that occurred during the month of June.
a.Owner invested $55,000 cash into the business and received common shares in return.
b.Rented an office and paid one month's rent,$700.
c.Purchased $600 of supplies on account.
d.Performed services on account,$7,500.
e.Paid $4,200 cash for office furniture.
f.Owner received a dividend of $500.
g.Collected $3,000 on account.

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Definitions:

Clockwise

Moving in the direction of the hands of a clock; typically rightward from the top.

Responding Verbally

Involves the use of spoken words or language to express or convey a reaction or answer to a stimulus.

Mnemonic Method

A technique used to improve memory by associating new information with known patterns, images, phrases, or ideas.

Visualizing

The process of forming mental visual images.