I need some Help Putting the Journal Entries into the correct T-Accounts
Journal Entries Transactio n No. A Dr. Account Name Credit Debit $ 9,755,050 Inventory Cr. Accounts Payable 5 $ 9,755,050 7 3 B Dr. $ 63,000 Cash Cr. Unearned Rent Revenue $ 63,000 C Dr. $ 9,755,050 Accounts Payable Cr. Cash Cr. Discount $ 9,559,949 $ 195,101 D Dr. Pre-Paid Insurance Cr. Cash $ 20,000 S 20,000 E Dr. 0 1 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Inventory Cr. Accounts Payable $ 12,334,000 $ 12,334,000 F Dr. Cost of Goods Sold Cr. Inventory $ 13,250,000 $13,250,000 Dr. Dr. Cash Accounts Reciveable Cr. Sales Revenue $ 5,367,000 $ 40,054,000 $ 45,421,000 Transactions Journal Entries T-Accounts Adjusted Trial Balance Journal Entries - Closing Ready G Dr. $ 12,334,000 Accounts Payable Cr. Cash $ 12,884,000 H Dr. $ 90,000 Patents Cr. Cash $ 90,000 I Dr. Cash $ 648,520 Cr. Common Stock Cr. Additional Paid-In Capital $ S 10,460 638,060 J Dr. $ 124,600 Land Cr. Cash S 124,600 K Dr. $ 200,000 Notes Recievable Cr. Cash $ 200,000 L Dr. $ 20,000,000 Accounts Reciveable Cr. Sales Revenue $ 20,000,000 Dr. $ 6,350,000 Cost of Goods Sold Cr. Inventory $ 6,350,000 M Dr. $ Equipment Cr. Cash 895,280 S 895,280 N Dr. $ 43,758,000 Cash Cr. Accounts Reciveable $ 43,758,000 Transactions Journal Entries T-Accounts Adjusted Trial Balance Journal Entries - Closing A B C G $ S O Dr. Cash Dr. Accumlated Depreciation Dr. Loss on Sale of Equipment Cr. Equipment 10,000 38,000 7,000 S S 55,000 P Dr. $ 2,000,000 Income Tax Cr. Cash $ 2,000,000 Q Dr. S 8,750,000 Salaries Expense Cr. Cash $ 8,750,000 B S Dr. Bad Debt Expense Cr. Accounts Reciveable 3,000 3,000 $ 8,000 $ 8,000 $ 11 T Dr. Dividend 2 Cr. Cash 3 4 5 Adjusting Entries 6 7 AJE 1 Dr. Unearned Rent Revenue 8 Cr. Rent Revenue 9 30 AJE 2 Dr. Insurance Expence 31 Cr. B2 33 AJE 3 Dr. Interest Received 34 Cr. Interest Revenue 85 31,500 31,500 $ 16,670 S 16.670 $ $ 3.000 3,000 $ 31,500 S 31,500 $ 16,670 S 16,670 KRAI $ 3,000 S 3,000 5 Adjusting Entries 5 7 AJE 1 Dr Unearned Rent Revenue 8 Cr. Rent Revenue 9 0 AJE 2 Dr. Insurance Expence 1 Cr. 2 3 AJE 3 Dr. Interest Received 34 Cr. Interest Revenue 5 36 37 AJE 4 Dr. Bad Debt Expense 38 Cr. Allowance for Doubtful Account 39 30 AJE 5 Dr. Depreciation Expense 91 Cr. Acumlated Depreciation 92 93 AJE 6 Dr. Amoritazion Expense 94 Cr. Accumlated Amortization 95 $ 488,790 S 488,790 $ 2,556,000 $ 2,556,000 $ 3,000 S 3,000 96 -97 98 Check figures: Total debits should equal total credits. 188,913,460 188,913,460 99 100 101 102 103 10 Transactions Journal Entries T-Accounts Adjusted Trial Balance Journal Entries Glosing Ready Instructions: The beginning account balances have been filled in for you. Post only the transactions and adjusting entries, not the closing entries, in this tab. DO NOT delete any cells in this tab. General Ledger 5 100 - Cash 1/1/2018 110 - Accounts Receivable 33,000,000 115- Allowance For Bad Debts 1,240,000 1/1/2018 ####### 3 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 1/1/2018 28 29 30 33,000,000 1,240,000 130 - Notes Receivable 120 - Inventory 12,345,000 135 - Accumulated Depreciation 72,422,000 1/1/2018 ####### 11
