Question

Post all transactions to the t-accounts and calculate ending balances. Make sure you post all transactions...

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

Homework Answers

Answer #1
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
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