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39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial

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39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial statements. d journal and financial statements. 40. If cash is paid for office rent, the transaction includes 2. debiting Rent Expense and crediting Cash. b. debiting Rent Expense and crediting Accounts Payable. c. debiting Rent Expense and crediting Capital. d. debiting Cash and crediting Rent Expense. 41. Tom Edwards opened an auto repair business on Apr. 1, 20. During the first month of operations, the fir had the following transactions. Record these transactiobs on page 1 of the general journal. Omit explanations Post appropriate transactions to the general ledger and complete a trail balance. DO NOT FORGET POST REFERNECES. Apr. 1 Tom Edwards invested $30,000 cash in the business. I 2 Paid rent for April, S2,100. & Bought equipment for $12,000 and issued a check for $3,000 as a down payment. 12 Performed services for $3,200 in cash, and S1,200 on credit. 19 Paid electric bill, S225. 25 Received 5900 on account from credit customers. Page 1 JOURNAL Post Ref. Description Debit Date Credit CANE GENERAL LEDGER Account Cash Post Ref. Account No. 101 Balance Debit Credit Date Item Debit Credit Account Accounts Receivable Account No. 122 Balance Debit Credit Post Ref. Date Item Debit Creditt Account Equipment Post Ref. Account No. 181 Balance Debit Credit Date Item Debit Credit Account Accounts Payable Post Ref. Account No. 202 Balance Debit Credit Date Item Debit Credit Account Tom Edwards. Capital Post Date Item Ref. Account No. 311 Balance Debit Credit Debit Credit Account Service Tees Post Ref. Account No. 401 Balance Debit Credit Date Item Debit Credit Page 5 Account Electricity Expense Account No. 533 Balance Debit Credit Post Ref. Date Item Debit Credit + 5 English (United States) AM

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