Question
2&3. Post the entries to the T-accounts. (Use the below format) Enter the balances brought forward from June 30, 2020: Cash (101) $7,500; Supplies (126)
2&3. Post the entries to the T-accounts. (Use the below format) Enter the balances brought forward from June 30, 2020: Cash (101) $7,500; Supplies (126) $1,700; Equipment (161) $9,500; Accounts Payable (201) $3,000; Unearned Teaching Revenue (233) $11,300; Taylor Smith, Capital (301) $4,500; Taylor Smith, Withdrawals (302) $14,500; Teaching Revenue (401) $50,500; Wages Expense (623) $28,600; and Rent Expense (640) $7,500.
2&3. Post the entries to the T-accounts. (Use the below format) Enter the balances brought forward from June 30, 2020: Cash (101) $7,500; Supplies (126) $1,700; Equipment (161) $9,500; Accounts Payable (201) $3,000; Unearned Teaching Revenue (233) $11,300; Taylor Smith, Capital (301) $4,500; Taylor Smith, Withdrawals (302) $14,500; Teaching Revenue (401) $50,500; Wages Expense (623) $28,600; and Rent Expense (640) $7,500.
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Horngrens Accounting The Financial Chapters
Authors: Tracie Miller Nobles, Brenda Mattison
13th Edition
0136162185, 9780136162186
