Question: 3.3

stopping and you don't actually spend any money during the trip. Does this mean that you have . LO3-2, LO3- EXERCISE 3.3 Relationship between Journal and Ledger Accounts incurred no "expenses" for which you should be reimbursed? Explain. Transactions are first journalized and then posted to ledger accounts. In this exercise, however, your understanding of the relationship between the journal and the ledger is tested by asking you to study some ledger accounts and determine the journal entries that probably were made to produce these ledger entries. The following accounts show the first six transactions of Avenson Insurance Company. Prepare a journal entry (including a written explanation) for each transaction. 3, LO3-4, LO3-5 Cash Vehicles Nov. 1 144,000Nov. 8 40,320 Nov 30 11.280 Nov. 25 14.400 Nov. 30 1,680 Land Notes Payable Nov. 8 84,000 Nov. 25 14,400Nov. 8 114,000 Nov. 30 9,600 Building Accounts Payable Nov. 8 70,320 Nov. 21 576Nov. 15 3,840 Office Equipment Capital Stock Nov. 15 3,840 Nov. 21 Nov. 1 144.000 Using the information in the ledger accounts presented in Exercise 3.3. prepare a trial balance for Avenson Insurance Company dated November 30. L03-9 EXERCISE 3.4 Preparing a Trial Balance The following information came from a recent balance sheet of The Coca Cola, Co. L03-6, LO3-8 EXERCISE 3.5