Question
Posting Journal Entries Listed below are selected T-accounts and their beginning balances for Galle Inc. Required: Post the following journal entries to the T-accounts
Posting Journal Entries Listed below are selected T-accounts and their beginning balances for Galle Inc. Required: Post the following journal entries to the T-accounts and compute the ending balance for each account. Jan. 1 Cash Notes Payable 4 Equipment 50,000 50,000 25,000 Cash 6 Rent Expense 25,000 500 Cash 500 < 15 Accounts Receivable 10,000 Service Revenue 10,000 25 Cash 3,000 Accounts Receivable 3,000 28 Land 200,000 Cash 10,000 Notes Payable 190,000 30 Salaries Expense 2,500 Cash 2,500
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