Exercise 3.3

stopping and you incurred no "expenses" for which you should be reimbursed? Explain. Tmute aTull tank of gas, so you are able to drive the whole 100 miles without don't actually spend any money during the trip. Does this mean that you have 103-2, LO3-3, LO3-4, L03-5 Transactions are first journalized and then posted to ledger accounts. In this exercise, how EXERCISE 3.3 Relationship between Journal and Ledger Accounts your understanding of the relationship between the journal and the ledger is tested by asking you to study some ledger accounts and determine the journal entries that probably were made to these ledger entries. The following accounts s Company. Prepare a journal entry (including a written explanation) for each transaction. how the first six transactions of Avenson Insurance Cash Vehicles Nov. 1 144,000 Nov. 8 40,320 Nov. 30 11,280 Nov. 25 14,400 Nov. 30 1,680 Land Notes Payable Nov. 8 84,000 Nov. 25 14,400Nov. 8 114,000 Nov. 30 9,600 Accounts Payable 576 Nov. 15 Capital Stock Building Nov. 8 70,320 Nov. 21 3,840 Office Equipment Nov. 15 3,840Nov. 21 576 Nov. 1 44,000 L03-9 EXERCISE 3.4 Preparing a Trial Balance Using the information in the ledger accounts presented in Exercise 3.3, prepare a trial balance for Avenson Insurance Company dated November 30. The following information came from a recent balance sheet of The Coca Cola, Co. L03-6, LO3-8 EXERCISE 3.5