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1.post theSe transactions to T accounts like the second picture 2. calculate ending balance of each T account 3. prepare trial balance Cash (1) 5,000

1.post theSe transactions to T accounts like the second picture

image text in transcribed

2. calculate ending balance of each T account

3. prepare trial balance

image text in transcribed

Cash (1) 5,000 Bank Loan Share Capital (1) 5,000 Repair Revenue Accounts Receivable Accounts Payable Electricity Expense Prepaid Expense Rent Expense Unused Supplies Supplies Expense O II DOLL IUILI delions provided below. There will be no marks/points awarded for the Assignment submitted after the date of deadline specifically mentioned. Faculty: Jennifer Man Assignment: Post the following transactions to the appropriate accounts for Harry P. Inc. Sep 2020 month end: (1) Issued share capital for $5,000 cash (posted as an example). (2) Paid $900 in advance for three months' rent, $300 for each month. (3) Billed $1,500 to customers for repairs completed today. (4) Purchased on credit $2,000 of supplies to be used next month. (5) Borrowed $7,500 from the bank. (6) Collected $500 for the amount billed in transaction (3). (7) Received a $200 bill for electricity used to date (the bill will be paid next month). (8) Repaid $2,500 of the bank loan. (9) Used $800 of the supplies purchased in transaction (4) (10) Paid $2,000 for the supplies purchased in transaction (4). (11) Recorded the use of one month of the rent paid for in transaction (2). Required: 1. Post these transactions to the T accounts (templates provided next page) 2. Calculate ending balance of each T account 3. Prepare trial balance ED

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