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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
2. calculate ending balance of each T account
3. prepare trial balance
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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