post journal entries to respective t accounts

Credit Debit 4.000 3,000 12,000 79,000 9,000 8,000 Account Titles Cash Accounts receivable Supplies Land Equipment Accumulated depreciation (on equipment) Other assets (not detailed to simplify) Accounts payable Wages payable Interest payable Income taxes payable Long-term notes payable Common stock (12,000 shares, $.50 par value) Additional paid-in capital Retained earnings Service revenue Depreciation expense Supplies expense Wages expense Interest expense Income tax expense Remaining expenses (not detailed to simplify) Totals 6,000 81,000 10,000 106,000 106,000 Transactions during 2017 follow: a. Borrowed $20,000 cash on a 5-year 12 percent note payable, dated March 1, 2017 b. Purchased land for a future building site on March 15, 2017. paid cash, $12,000 c Earned $223,000 in revenue. Transactions dated August 30, 2017, including $50,000 on credit and the rest in cash d. Sold 6,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2017 e Incurred $116,000 in remaining expenses for 2017, invoices dated October 15, 2017, including $21,000 on credit and the rest paid in cash f. Collected accounts receivables on November 10, 2017, $35,000. g. Purchased other assets on November 15, 2017. $12,000 cash h. Purchased supplies on account for future use on December 1, 2017, $24,000. L. Paid accounts payable on December 15, 2017, $22.000. J. Signed a three-year $30,000 service contract on December 17, 2017 to start February 1, 2018 k. Declared and paid cash dividends on December 20, 2017, $22,000. Data for adjusting entries: 1. Supplies counted on December 31, 2017, $15,000. m. Depreciation for the year on the equipment, $11,000. n. Interest accrued on notes payable (to be computed). o Wages earned by employees since the December 24 payroll but not yet paid, $14,000 p. Income tax expense, $10,000 payable in 2018 Cash Beg bal Beg bal | Accounts Receivable 3,000 50,000 35,000 (1) (c) id) (0) 4,000 20,000 173,000 6,000 35,000 12,000 (b) 95,000 (e) 12,000 (9) 22,000 0 22,000 (k) End bal. 18,000 End, bal 75,000 Land Supplies 12,000 24,000 Beg bal. Beg. bal (h) 0 21,0000 12,000 End bal 15,000 End, bal. 12,000 Equipment 79,000 Beg bal Beg bal. Accumulated Depreciation 9,000 11.000 (m) End bal 79,000 End bal. 20,000 Beg bal. 19) Other Assets 8,000 12,000 Beg bal 0 Accounts Payable 0 22,000 21,000 (e) 24,000 (h) 23,000 End bal. 20,000 End, bal Income Tax Payable Wages Payable Beg bal 0 Beg bal. 0 10,000) 14,000(0) End, bal 10,000 End, bal 14,000 Interest Payable LT Notes Payable 0 20,000 (a 0 Beg bal Beg bal 2,000 (n) 20,000 End bal 2,000 End bal Common Stock Beg bal. Beg bal. Additional Paid-in Capital 81.000 3.000(d) 6,000 3,000 (d) 9,000 End bal 84.000 End, bal Retained Earnings 10,000 22,000 Beg bal Service Revenue 0 223.000) Beg bal. fik) End, bal 12,000 End bal 223,000 Beg. bal (m) Depreciation Expense 0 11,000 Beg bal. (P) Income Tax Expense 0 10,000 End, bal 11,000 End bal 10.000 Interest Expense Beg bal. 0 Beg bal 0 Supplies Expense 0 21.000 2,400 End bal 2,400 End bal. 21,000 Wages Expense 0 Beg bal. (0) Beg bal. (e) Remaining Expenses 0 116,000 14,000 End, bal 14,000 End bal 116.000 Credit Debit 4.000 3,000 12,000 79,000 9,000 8,000 Account Titles Cash Accounts receivable Supplies Land Equipment Accumulated depreciation (on equipment) Other assets (not detailed to simplify) Accounts payable Wages payable Interest payable Income taxes payable Long-term notes payable Common stock (12,000 shares, $.50 par value) Additional paid-in capital Retained earnings Service revenue Depreciation expense Supplies expense Wages expense Interest expense Income tax expense Remaining expenses (not detailed to simplify) Totals 6,000 81,000 10,000 106,000 106,000 Transactions during 2017 follow: a. Borrowed $20,000 cash on a 5-year 12 percent note payable, dated March 1, 2017 b. Purchased land for a future building site on March 15, 2017. paid cash, $12,000 c Earned $223,000 in revenue. Transactions dated August 30, 2017, including $50,000 on credit and the rest in cash d. Sold 6,000 additional shares of capital stock for cash at $1 market value per share on January 1, 2017 e Incurred $116,000 in remaining expenses for 2017, invoices dated October 15, 2017, including $21,000 on credit and the rest paid in cash f. Collected accounts receivables on November 10, 2017, $35,000. g. Purchased other assets on November 15, 2017. $12,000 cash h. Purchased supplies on account for future use on December 1, 2017, $24,000. L. Paid accounts payable on December 15, 2017, $22.000. J. Signed a three-year $30,000 service contract on December 17, 2017 to start February 1, 2018 k. Declared and paid cash dividends on December 20, 2017, $22,000. Data for adjusting entries: 1. Supplies counted on December 31, 2017, $15,000. m. Depreciation for the year on the equipment, $11,000. n. Interest accrued on notes payable (to be computed). o Wages earned by employees since the December 24 payroll but not yet paid, $14,000 p. Income tax expense, $10,000 payable in 2018 Cash Beg bal Beg bal | Accounts Receivable 3,000 50,000 35,000 (1) (c) id) (0) 4,000 20,000 173,000 6,000 35,000 12,000 (b) 95,000 (e) 12,000 (9) 22,000 0 22,000 (k) End bal. 18,000 End, bal 75,000 Land Supplies 12,000 24,000 Beg bal. Beg. bal (h) 0 21,0000 12,000 End bal 15,000 End, bal. 12,000 Equipment 79,000 Beg bal Beg bal. Accumulated Depreciation 9,000 11.000 (m) End bal 79,000 End bal. 20,000 Beg bal. 19) Other Assets 8,000 12,000 Beg bal 0 Accounts Payable 0 22,000 21,000 (e) 24,000 (h) 23,000 End bal. 20,000 End, bal Income Tax Payable Wages Payable Beg bal 0 Beg bal. 0 10,000) 14,000(0) End, bal 10,000 End, bal 14,000 Interest Payable LT Notes Payable 0 20,000 (a 0 Beg bal Beg bal 2,000 (n) 20,000 End bal 2,000 End bal Common Stock Beg bal. Beg bal. Additional Paid-in Capital 81.000 3.000(d) 6,000 3,000 (d) 9,000 End bal 84.000 End, bal Retained Earnings 10,000 22,000 Beg bal Service Revenue 0 223.000) Beg bal. fik) End, bal 12,000 End bal 223,000 Beg. bal (m) Depreciation Expense 0 11,000 Beg bal. (P) Income Tax Expense 0 10,000 End, bal 11,000 End bal 10.000 Interest Expense Beg bal. 0 Beg bal 0 Supplies Expense 0 21.000 2,400 End bal 2,400 End bal. 21,000 Wages Expense 0 Beg bal. (0) Beg bal. (e) Remaining Expenses 0 116,000 14,000 End, bal 14,000 End bal 116.000