Question
Requirement 2. Post the journal entries to the T-accounts and calculate account balances. Use the transaction dates as posting references. We will post three to
Requirement 2.
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 1st, 2nd, and 3rd. Below is the journal entries:
| Date | Accounts | Debit | Credit | ||||
| Nov. | 1 | Cash | 25,000 |
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| Truck | 14,000 |
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| Hanoush, Capital |
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| Nov. | 2 | Prepaid Rent | 4,400 |
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| 4,400 |
| Nov. | 3 | Prepaid Insurance | 4,200 |
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| Cash |
| 4,200 |
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| Accounts Payable |
| Service Revenue | |||||||||
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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 | |||||||||
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| Prepaid Insurance |
| Hanoush, Withdrawals |
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| Equipment |
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| Truck |
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The Economics Of Audit Quality Private Incentives And The Regulation Of Audit And Non Audit Services
Authors: Benito Arrunada
1999th Edition
0792384733, 978-0792384731
