Activity 1.a - Post Transactions to T-accounts Enter the transactions into the T-accounts and then into the four-column ledgers. Be sure to calculate the balance after each entry in the four-column ledgers. On Dec. 15, paid $7,000 cash for dividends. Dividends Dividends Date Explanation Ref Debit Credit Balance Cash Cash Date Explanation Ref Debit Credit Balance On Dec. 15, received 59,000 on account from a customer. Cash Cash Date Explanation Ref Debit Credit Balance Accounts Receivable Accounts Receivable Date Explanation Ref Debit Credit Balance