On Dec. 5, paid $8,000 for advertising in the local paper. On Dec. 3, owner contributed $5,000 in furniture in exchange for common stock. Dost the transaction to the four-column ledger account and cross-reference the posting back to the ournal entry. Utilities Expense Account No. 515 Cash Account No. 101 After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in the appropriate place in the four-column ledger to review the similarities between the two formats. Be sure to enter the transactions in chronological order. On Dec. 5, paid $8,000 for advertising in the local paper. On Dec. 3, owner contributed $5,000 in furniture in exchange for common stock. Dost the transaction to the four-column ledger account and cross-reference the posting back to the ournal entry. Utilities Expense Account No. 515 Cash Account No. 101 After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in the appropriate place in the four-column ledger to review the similarities between the two formats. Be sure to enter the transactions in chronological order