Post all transactions to the t-accounts and calculate ending balances. Make sure you post all transactions in chronological order.
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 1 | Cash | 26,700 | |
Furniture |
12,400 | ||
Common Stock |
39,100 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 1 | Prepaid Insurance | 1,900 | |
Cash |
1,900 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 4 | Office Supplies | 510 | |
Cash |
510 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 12 | Cash | 3,600 | |
Service Revenue |
3,600 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 15 | Accounts Receivable | 4,600 | |
Service Revenue |
4,600 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 18 | Salaries Expense | 2,000 | |
Cash |
2,000 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 20 | Cash | 14,400 | |
Service Revenue |
14,400 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 22 | Cash | 3,700 | |
Unearned Revenue |
3,700 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 23 | Cash | 4,600 | |
Accounts Receivable |
4,600 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 27 | Utilities Expense | 380 | |
Accounts Payable |
380 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 28 | Accounts Receivable | 600 | |
Service Revenue |
600 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 29 | Rent Expense | 1,200 | |
Cash |
1,200 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 30 | Accounts Payable | 380 | |
Cash |
380 |
Date | Accounts and Explanation | Debit | Credit |
---|---|---|---|
Dec. 31 | Dividends | 3,600 | |
Cash |
3,600 |
Cash | ||||
$26,700 | $1,900 | |||
$3,600 | $510 | |||
$14,400 | $2,000 | |||
$3,700 | $1,200 | |||
$380 | ||||
$3,600 | ||||
Bal | $38,810 | |||
Furniture | ||||
$12,400 | ||||
Bal | $12,400 | |||
Common Stock | ||||
$39,100 | ||||
Bal | $39,100 | |||
Prepaid Insurance | ||||
$1,900 | ||||
Bal | $1,900 | |||
Office Supplies | ||||
$510 | ||||
Bal | $510 | |||
Service Revenue | ||||
$3,600 | ||||
$4,600 | ||||
$14,400 | ||||
$4,600 | ||||
Bal | $27,800 | $600 | ||
Accounts Receivable | ||||
$4,600 | ||||
$4,600 | ||||
$600 | ||||
Bal | $9,800 | |||
Salaries Expense | ||||
$2,000 | ||||
Bal | $2,000 | |||
Unearned Revenue | ||||
$3,700 | ||||
Bal | $3,700 | |||
Utilities Expense | ||||
380 | ||||
Bal | 380 | |||
Accounts Payable | ||||
380 | 380 | |||
0 | 0 | |||
Rent Expense | ||||
$1,200 | ||||
Bal | $1,200 | |||
Dividends | ||||
$3,600 | ||||
Bal | $3,600 |
Get Answers For Free
Most questions answered within 1 hours.