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No . Accounts Title & Explanation Debit Credit 1 Prepaid Insurance 5 , 4 0 0 Cash 5 , 4 0 0 2 Uniform Inventory
No Accounts Title & Explanation Debit Credit
Prepaid Insurance
Cash
Uniform Inventory
Accounts Payable
a Account Receivable
Sales Revenue
To record the sale of goods
b Cost of Good Sold
Inventory
To record the cost
Cash
Accounts Receivable
Service Revenue
Accounts Payable
Cash
Cash
Accounts Receivable
Advertising Expense
Cash
Interest expense
Bank Loan Payable
Cash
Cash
Dividend Revenue
Utility Expense
Cash
Dividends Declared
Cash
a Wages Expense
Wage Payable
Cash
To record accrued wages
b Wages Expense
Wage Payable
Depreciation Expense
Accumulated DepreciationEquipment
Insurance expense
Prepaid Insurance
Enter the beginninin balances from post the journal entries and determine the ending balances for Post entries in the order of jounal entries presented in the previous part If beginning is zero, enter in the column for the normal balance for that account
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