on december 1, Jim Higgins began an auto repair shop, the following transactions occured during december.

post the tractions to the T-accounts. use the transaction dates as posting references. if posting more than one entry on the same date to a single account, post to that account in the same order as you prepared the entries above. Use a Bal. posting reference to show the ending balance of each account. for any accounts with a zero balance, use Bal posting reference and write a zero on the correct side of the account.

er 4 7 of 8 (2 complete) i Reference Date Credit Debit Dec. 1 53,000 53,000 Dec. 1 13.500 13,500 Accounts and Explanation Cash Common Stock Issued common stock Equipment Cash Purchased equipment with cash. Prepaid Insurance Cash Paid insurance in advance. Land Cash Purchased land with cash 6,000 Dec 1 6,000 Dec. 9 16 000 16.000 he Print Done Done O BE DOLL Reference 2,000 Dec. 10 2,000 25,000 Dec. 19 25,000 2,300 Dec. 22 Office Supplies Accounts Payable Purchased office supplies on account Cash Notes Payable Borrowed cash on notes payable. Advertising Expense Cash Paid cash expense Accounts Payable Cash Paid cash on account Utilities Expense Utilities Payable 2,300 1.100 Dec. 26 1,100 360 Dec. 28 360 Accrued utility liability 20,600 Dec. 31 Cash 2,600 23.200 Dec 31 4.100 2.100 6 200 Accounts Receivable Service Revenue Service revenue eamed in cash and on account Salaries Expense Rent Expense Cash Paid cash expenses Cash Unearned Revenue Collected cash for future services Dividends Cash 1 270 Dec 31 1.270 2500 Dec. 31 2.500 he Print Done DELL F12 Insert F11 F10 PrtScr T FO FB F7 F5 -4 A F6 De ( A & $ 4 0 * 8 % 5 6 7 P R T Y U I Paid dividends Cash Accounts Payable Service Revenue Utilities Payable Salaries Expense Interest Payable Rent Expense Accounts Receivable Dec. 31 2600 Bal. 2600 Office Supplies Unearned Revenue Utilities Expense Read the Prepaid Insurance Notes Payable Advertising Expense Land Common Stock Supplies Expense Equipment Dividends Insurance Expense Accumulated Depr.-Equipment Interest Expense NG liet or enter any number in the input fields and then click Check Answer Depreciation Expense-Equipment