Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Post each of the above transaction into the appropriately titled T account. Identify each entry in a T accounts with the letter shown for

1. Post each of the above transaction into the appropriately titled T account. Identify each entry in a T accounts with the letter shown for the transaction.

2. Prepare a trial balance listing all of the ending balances.

Rudolph White, Company Name: CTY In.c, March 6, 2015

image text in transcribed

Debit Credit 200,000 Account 1. Cash Capital Stock 200,000 2. Land 240,000 210,000 Buildin Cash Note Payable 165,000 285,000 3.Office Equipment 30,000 Cash Account Payable 17,000 13,000 4. Vehicle 3,400 Account Payable 3,400 5. Account Pavable 3,400 Cash 3,400 6. Cash 30,000 Note Payable 30,000 7. Cash 5,000 Service Revenue 5,000 8.Accounts Receivable 7,000 Service Revenue 7,000 9 Rent Expense 800 Cash 800 10. Telephone Expense 125 Cash S125 11.Cash 2,000 Accounts 2,000 Receivable 12. Wages Expense 2,500 Cash 2,500

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Home Energy Audit Your Guide To Understanding And Reducing Your Home Energy Costs

Authors: Richard Montgomery

1st Edition

0471864668, 978-0471864660

More Books

Students also viewed these Accounting questions