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Unformatted text preview: note is also received. 23.12.2006 Because of a black-out happened during the previous night computer system is crashed. 1.300 USD paid for the restore. 24.12.2006 Michigan Co. is billed in the amount of 21.000 USD for the services rendered. The amount is collected fully. 31.12.2006 The interest accrued for the bank loan taken on Dec. 18. is 26 USD. 31.12.2006 Total of Utility bills 489 USD are paid. 31.12.2006 Wages of employees 16.000 USD is paid. Required: 1. Record all transactions in general journal 2. Post all records to general ledger 3. Prepare trial balance as of 31.12.2006 4. Prepare Income Statement and Balance Sheet 1 Copyright 2006, Kerem Sarioglu, Ph.D....
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- Spring '07