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On aug 31 2022, Kansas corn company had the following values Cash 50,000 A/R4000 Supplies 3000 Joe Kansas Capital - 25,000 A/P -30,000 Bank loan
On aug 31 2022, Kansas corn company had the following values Cash 50,000 A/R4000 Supplies 3000 Joe Kansas Capital - 25,000 A/P -30,000 Bank loan 2000 During September we had three transactions 1)Bought supplies for $500 cash sep 1 2)Bought a car for $4000 cash (note make a new asset called car) sep 15 3)Paid back entire bank loan sep 29 a)Post the opening balances to T accounts then post these transactions to T accounts (calculate new balances) b) Post the transactions to the journal c) Create a trial balance for sep 30
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