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Calculate the account balances. Use a Bal posting reference on the proper side of each account to show the ending balances of the accounts
Calculate the account balances. Use a "Bal" posting reference on the proper side of each account to show the ending balances of the accounts Cash Accounts Payable Nov 11 Nov 7 Nov 28 17,000 1,800 800 2,000 Nov. 2 Nov. 26 1,500 5,760 Nov. 31 2,100 Nov 13 Dec 19 2,800 1,200 Nov. 4 200 Nov. 15 800 Dec 4 Dec 9 Dec. 16 4,400 1,500 Nov 26 350 250 Nov. 30 5,000 Dec 1 Bal 230 Dec. 18 2,800 Dec 19 2,200 Dec. 31 700 Dec 31 Accounts Receivable Nov 22 3,400 Dec 15 3,900 Canoe Rental Revenue 1,800 Nov 7 3,400 Nov 22 4,400 Dec 9 3,900 Dec 15 800 Nov 28 Dec 18 Utilities Payable 110 Rent Expense 110 Nov. 16) 300 Dec. 201 Nov 2 2,000 Office Supplies Telephone Payable Wages Expense Nov 4 Dec. 4 1,200 Dec. 18 120 800 120 Nov 20 320 Dec 20 Nov 13 Dec. 31 2,100 2,200
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Step: 1
To calculate the ending balances for each of the accounts we need to carefully post each transaction to its respective ledger and then sum up the debi...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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