Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Posting Journal Entries Trek Inc. recorded the following journal entries a through h in January 2020, its first period of operations. Post the journal entries

Posting Journal Entries

Trek Inc. recorded the following journal entries a through h in January 2020, its first period of operations.

Post the journal entries a through h to T-accounts (as ledgers), and determine the ending balance in each T-account.

Note: Enter amounts in the order that they are presented above (a through h), using the first available answer field on the appropriate side of the T-account. Not all answers will be used.

image text in transcribed

Question 2 Not complete Marked out of 44.00 Flag question C Posting Journal Entries Trek Inc. recorded the following journal entries a through hin January 2020, its first period of operations. a Cash 100 2,000 Common Stock 302 2,000 b. Operating Expense 525 1,300 Cash 100 1,300 Accounts Receivable 104 450 Service Revenue 400 450 d. Cash 100 250 Accounts Receivable 104 250 e. Equipment 160 750 Cash 100 750 f. Accounts Receivable 104 500 Service Revenue 400 500 g. Cash 100 1,200 Common Stock 302 1,200 h. Operating Expense 525 400 Accounts Payable 202 400 Post the journal entries a through h to T-accounts (as ledgers), and determine the ending balance in each T-account. Note: Enter amounts in the order that they are presented above (a through h), using the first available answer field on the appropriate side of the T-account. Not all answers will be used. Cash 100 Accounts Receivable 104 Equipment 160 Accounts Payable 202 Common Stock 302 Service Revenue 400 Operating Expense 525 Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Financial and Managerial Accounting

Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura

4th Edition

978-0133251241, 9780133427516, 133251241, 013342751X, 978-0133255584

Students also viewed these Accounting questions