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Establish T - accounts for the accounts listed above and enter the beginning balances. Use a chart of accounts to order the T - accounts.
Establish Taccounts for the accounts listed above and enter the beginning balances. Use a chart of accounts to order the Taccounts.
Post your journal entries to the Taccounts. If a balance is zero, enter zero
Cash
Accounts Receivable
Prepaid Rent
End. Bal.
Supplies Advertising Expense
Repairs & Maintenance Expense
Interest Expense
Income Tax Expense
Analyze each transaction. Journalize as appropriate. Note: Ignore the date because these events are aggregations of individual events. For a compound transaction,
for those boxes in which no entry is required, leave the box blank.
a Analyze each transaction. Journalize as appropriate. Note: Ignore the date because these events are aggregations of individual events. For a compound t
for those boxes in which no entry is required, leave the box blank.
Use the ending balances in the Taccounts to prepare a trial balance.
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