Question
Post the journal entries to the T-accounts and calculate account balances. Use the transaction dates as posting references. We will post three to four transactions
Post the journal entries to the T-accounts and calculate account balances. Use the transaction dates as posting references. We will post three to four transactions to the accounts at a time. Begin by posting the transactions from the 4th, 5th, and 6th. Below is the journal entries:
| Date | Accounts | Debit | Credit | |
| Nov. | 4 | Cleaning Supplies | 340 |
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| Accounts Payable |
| 340 |
| Save Accounting Table... | + | |||
| Copy to Clipboard... | + | |||
| Nov. | 5 | Equipment | 5,500 |
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| Accounts Payable |
| 5,500 |
| Save Accounting Table... | + | |||
| Copy to Clipboard... | + | |||
| Nov. | 7 | Equipment | 3,000 |
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| Cash |
| 3,000 |
| Cash |
| Accounts Payable |
| Service Revenue | |||||||||
| Nov. 1 | 25,000 | 4,400 | Nov. 2 |
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| 4,200 | Nov. 3 |
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| Accounts Receivable |
| Unearned Revenue |
| Salaries Expense | |||||||||
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| Cleaning Supplies |
| Notes Payable |
| Advertising Expense | |||||||||
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| Prepaid Rent |
| Hanoush, Capital |
| Utilities Expense | |||||||||
| Nov. 2 | 4,400 |
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| 39,000 | Nov. 1 |
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| Prepaid Insurance |
| Hanoush, Withdrawals |
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| Nov. 3 | 4,200 |
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| Equipment |
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| Truck |
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| Nov. 1 | 14,000 |
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