Can someone assist with the T-Account for Peyton Approved? I broke the T account into two screenshots.
Peyton Aprroved Journal entries Date Account 1-Jul Cash Common Stock Credit Debit $ 10,000 $ 10,000 $ 6,500 1-Jul Baking Supplies Accounts Payable $ 6,500 $ 10,000 3-Jul Cash Notes Payable $ 10,000 $ 1,500 7-Jul Rent expense Cash $ 1,500 $ 375 10-Jul Business License expense Cash $ 375 $ 250 11-Jul Misc. expense Cash $ 250 $ 6,000 13-Jul Baking Equipment Common Stock $ 6,000 $ $ 200 13-Jul Advertising expense Cash $ 200 $ 300 14-Jul Office Supplies Cash $ 300 15-Jul No entry $ $ 75 30-Jul Telephone expense Accounts Payable $ 75 31-Jul Prepaid Insurance $ 2,400 $ 120 31-Jul Wages expense Wages Payable $ 120 31-Jul Cash Accounts Receivable Bakery Sales $ 10,000 $ 5,000 $ 15,000 Total 5-Aug Wages Payable Cash $ 52,720 $ 52,720 $ 120 $ 120 $ 3,800 8-Aug Cash Accounts Receivable $ 3,800 $ 75 10-Aug Accounts Payable Cash $ 75 $ 5,000 15-Aug Baking Supplies Accounts Payable $ 5,000 $ 480 15-Aug Wages expense Wages Payable $ 480 15-Aug Rent expense Cash $ 1,500 $ 1,500 $ 3,000 18-Aug Cash Accounts Receivable $ 3,000 $ 8,500 20-Aug Accounts Payable Cash $ 8,500 $ 480 20-Aug Wages Payable Cash $ 480 $ 300 22-Aug Office Supplies Cash $ 300 $ 75 31-Aug Telephone expense Accounts Payable $ 75 $ 420 31-Aug Wages expense Wages Payable $ 420 31-Aug Cash Accounts Receivable Bakery Sales $ 12,500 $ 7,500 $ 20,000 31-Aug Cash Accounts Receivable Bakery Sales $ 12,500 $ 7,500 $ 20,000 Total 1-Sep Dividends Cash $ 43,750 $ 43,750 $ 10,000 $ 10,000 $ 420 5-Sep Wages Payable Cash $ 420 7-Sep See "Inventory Valuation" tab for details. Please provide Inventory Valuation to pass rest of Sep entries Please give me a Thumbs up . Thanks Cash date date date Notes Payable Common Stock late 1-Jul 3-Jul date 3-Jul Business License exp 10-Jul 1- Jul 13-Jul Balance Balance Balance 7-Jul 10-Jul 11-Jul 13-Jul 14-Jul 31-Jul 31-Jul 5-Aug 8-Aug 10-Aug 18-Aug Accounts Rec. Insurance expense 15-Aug 20-Aug 20-Aug 22-Aug 31-Jul 8-Aug 18-Aug 31-Aug 31-Aug 1-Sep 5-Sep 7-Sep 8-Sep 30-Sep 8-Sep 10-Sep 13-Sep 15-Sep Balance - 15-Sep 20-Sep 20-Sep 24-Sep 30-Sep 30-Sep alance Misc. expense Baking equipment Advertising expense 11-Jul 13-Jul 13-Jul Balance Balance Balance Baking supplies Office supplies Rent expense 14-Jul 1-Jul 15-Aug 11-Sep 22-Aug 7-Jul 15-Aug 15-Sep Balance Balance Balance - Prepaid rent Prepaid insurance Bakery Sales 7-Jul 31-Jul 31-Jul 31-Aug 30-Sep Balance Balance Balance Accounts payable Wages expense Wages payable 31-Jul 1-Jul 30-Jul 5-Aug 10-Aug 31-Jul 15-Aug 31-Aug 15-Sep 30-Sep 15-Aug 15-Aug 20-Aug 20-Aug 31-Aug 31-Aug 5-Sep 10-Sep 15-Sep 11-Sep 20-Sep 13-Sep 30-Sep Balance Balance Balance Dividends depreciation expense Telephone expense 1-Sep 30-Jul 31-Aug acc dep Balance
