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I will upvote the correct answers Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using
I will upvote the correct answers
Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st. Sep. 1: Received $43,000 cash and gave capital to Stewart. (We will post to the accounts one transaction at a time. Post only the transaction from September 1 in this step.) Review the September 1 journal entry that you prepared in Requirement 1. Cash Sep. 143000C Accounts Payable Service Revenue CCCCCC Accounts Receivable Utilities Payable Salaries Expense Office Supplies Unearned Revenue Rent Expense Stewart, Withdrawals Furniture Choose from any list or enter any number in the input fields and then click Check Answer. i More Info - X Sep. 1 4 6 7 10 14 15 17 Received $43,000 cash and gave capital to Stewart. Purchased office supplies, $400, and furniture. $1.900, on account. Performed services for a law firm and received $1,600 cash. Paid $27,000 cash to acquire land to be used in operations. Performed services for a hotel and received its promise to pay the $1,000 within one week. Paid for the furniture purchased on September 4 on account. Paid assistant's semimonthly salary, $1,410. Received cash on account, $900. Prepared a design for a school on account, $500. Received $1,500 cash for design services to be performed in October Received $2,700 cash for consulting with Plummer & Gorden. Paid $1,200 cash for a 12-month insurance policy starting on October 1. Paid assistant's semimonthly salary, $1,410. Paid monthly rent expense, $850. Received a bill for utilities, $250. The bill will be paid next month. Stewart withdrew cash of $3,500. 28 29 30 30 30 30 Print Done 0 Requirements 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable: Office Supplies, Prepaid Insurance, Land; Furniture Accounts Payable; Utilities Payable; Unearned Revenue; Stewart, Capital Stewart, Withdrawals; Service Revenue; Salaries Expense, Rent Expense, and Utilities Expense. Explanations are not required. 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. 3. Prepare the trial balance of Beth Stewart, Designer, as of September 30, 2018 Print DoneStep by Step Solution
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