Answered step by step
Verified Expert Solution
Question
1 Approved Answer
(c) Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts: No. 407 Service Revenue, No. 615 Depreciation
(c) Post to the ledger accounts. Use J1 for the posting reference. Use the following additional accounts: No. 407 Service Revenue, No. 615 Depreciation Expense, No. 631 Supplies Expense, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense. Cash Date Explanation Ref Debit Nov. 1 Balance Nov. 8 Nov. 10 J1 J1 Nov. 12 J1 Nov. 20 J1 Nov. 22 J1 Nov. 25 J1 Nov. 29 Accounts Receivable J1 Credit No. 10] Balance 2,400 No. 111 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 4,200 Nov. 10 J1 Nov. 27 Supplies J1 No. 12 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 1,810 Nov. 17 J1 Equipment No. 15 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 12,960 Nov. 15 J1 Accumulated Depreciation- No. 15 Equipment Date Explanation Ref Debit Credit Balance Nov. 1 Balance 2,160 Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 2,651 Nov. 15 Nov. 17 Nov. 20 J1 J1 J1 Unearned Service Revenue No. 20 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 1,200 Nov. 29 J1 Salaries and Wages Payable No. 211 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 66: Nov. 8 J1 Owner's Capital No. 30 Date Explanation Ref Debit Credit Balance Nov. 1 Balance 14,691 Service Revenue No. 40] Date Explanation Ref Debit Credit Balance Nov. 12 J1 Nov. 27 J1 Salaries and Wages Expense No. 72 Date Explanation Ref Debit Credit Balance Nov. 8 J1 Nov. 25 J1 Rent Expense No. 729 Date Explanation Ref Debit Credit Balance Nov. 22 J1
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started