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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
1 Prepaid Insurance 5,400
Cash 5,400
2 Uniform Inventory 146,000
Accounts Payable 146,000
3a Account Receivable 193,800
Sales Revenue 193,800
(To record the sale of goods)
3b Cost of Good Sold 100,000
Inventory 100,000
(To record the cost)
4 Cash 134,625
Accounts Receivable 403,875
Service Revenue 538,500
5 Accounts Payable 137,100
Cash 137,100
6 Cash 246,000
Accounts Receivable 246,000
7 Advertising Expense 13,700
Cash 13,700
8 Interest expense 10,500
Bank Loan Payable 30,000
Cash 40,500
9 Cash 3,000
Dividend Revenue 3,000
10 Utility Expense 16,600
Cash 16,600
11 Dividends Declared 14,400
Cash 14,400
12a Wages Expense 94,000
Wage Payable 8,000
Cash 102,000
(To record accrued wages)
12b Wages Expense 2000
Wage Payable 2000
13 Depreciation Expense 30,000
Accumulated Depreciation-Equipment 30,000
14 Insurance expense 1,800
Prepaid Insurance 1,800
Enter the beginninin balances from 2023, post the 2024 journal entries and determine the ending balances for 2024(Post entries in the order of jounal entries presented in the previous part . If beginning is zero, enter 0 in the column for the normal balance for that account

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