Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please show me how to create theses T accounts and label which journal entry its from example like the cash t account Journal Entry #
please show me how to create theses T accounts and label which journal entry its from example like the cash t account
Journal Entry # Account # Account Description Debit Credit ooo Cash ooo Common Stock 200,00oo 1,000 199.0OO oso Additional Paid In Capital 1400 Supplies ooo Cash 1300 Pre-Paid 1000 Cash 1500 Machines 1000 Cash 6.000 600 6,o0o 2 6,000 600 36,000 se no en no en 1000 Cash 2100 Unearned Service Revenue 6 0,00O 40,00O 1200 Inventor 2000 1100 Accounts Receivable Accounts Pavable ooo Revenue-Yacht Sales oool Cost of Goods Sold 1200 Inventor 3100 Dividends 20,00O 20,0OO 1000 Cash 1150-Allowance for Doubtful Accounts 2200-Wages and Salaries Payable ooo-Cost of Goods Sold Credit Debit Credit Debit Credit Debit Beginning Balance Beginning Balance Beginning Balance Ending Balance Ending Balance Ending Balance 1200-Inventory oo0-Common Stock 6000-Wages and Salaries Expense Debit Credit Debit Credit Debit Credit Beginning Balance Beginning Balance Beginning Balance JE #1 1,000 Ending Balance Ending Balance 1,000 Ending Balance 1300-Pre-Paid Expenses 050-Additional Paid In Capital 6100-Rent Expense Debit Debit Credit Debit Credit Credit Beginning Balance Beginning Balance Beginning Balance JE #1 199,000 1400-Supplies 6200-Supplies Expense Credit Debit Credit Debit Credit Debit Beginning Balance Beginning Balance Beginning Balance Ending Balance Ending Balance Ending Balance 3200-Retained Earnings Credit 6300-Insurance Expense Debit 1500-Machines Debit Credit Debit Credit Beginning Balance Beginning Balance Beginning Balance Ending Balance Ending Balance Ending Balance 1550-Accumulated Depreciation Machines 6400-Depreciation Expense Debit Debit Credit Credit Beginning Balance Beginning BalanceStep by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started