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After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in
After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in the appropriate place in the four-column ledger to review the similarities between the two formats.
Cash Cash Account No. 101 Balance Nov. 1 39,800 7,400 Nov, 2 Date Item Post. Ref. Debit Credit Debit Credit Nov. 8 16,900 4,400 Nov, 15 2016 Nov. 22 28,200 4,800 Nov. 21 Nov. 1 J1 39800 39800 Dec. 21 14,700 9.600 Nov. 25 Nov. 2 J1 7400 32400 Dec. 28 13,500 4.000 Dec. 1 Nov. 8 J1 16900 49300 1.800 Dec. 3 Nov. 15 V J1 4400 44900 5.200 Dec. 15 Nov 21 J1 4800 40100 Bal. 75,900 Nov. 22 J1 28200 68300 Nov. 25 J1 9600 58700 Dec. 1 J1 4000 54700 Dec 3 J1 1800 52900 Dec. 15 J1 5200 47700 Dec. 21 J1 14100 61800 Dec 28 J1 14100 75900Step by Step Solution
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