debit and credit t account ledger

BUSINEESS INFORMATION: The Brave Cave Company has the following opening balances on October 10, 2020, the owner is YOUR NAME. The business has Accounts Payable with ABC Company $5,000, Wayman Company $9,000, Supplies $1,450, Bank $20,000, Account Receivable with R. Carr $350, Z. Yack $250 and F. Hall $1,150, TD Bank Loan $12,000, Building $90,000, CIBC Mortgage Payable $85,000, Equipment $2,165, and Land $40,000 TRANSACTIONS: October 2020 14 F. Hall paid $1,500 to the business that it owed. 16 The owner withdrew $500 from the business for personal use. 20 The business bought $200 worth of supplies from ABC Company and agreed to pay later. 21 The business performed a service for $7,500 for R. Carr on credit. The business electric saw (part of equipment) need repairs, and paid Wayman Company $75 The business purchased a Bobcat (part of equipment) worth $12,000 and made a cash payment of $4,000 and obtained a bank loan from TD Bank for the balance. The business needed more money, so the owner invested an additional $3,000 into the Business The business paid CIBC Bank $2,000 to reduce the loan on their mortgage. eccomo o 22 24 27 29 MacBook Pro Q 1 8 7 6 4 9 8 5 1 2 3 Y o U P R W T Q E J G K H F S D : tlock M N B N . * 26 Command ophon control option command Financial Accounting General Ledger - T Accounts This instructional aid was prepared by the Tallahassee Community College Learning Commons