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Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in
Requirement 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as posting references in the ledger accounts. Label the balance of each account Bal. We will post to the accounts one transaction at a time. Begin by posting the events from the 1st.first requirement is done, could you please help me with the 2nd and 3rd requirements?
Requirements 1. Record each transaction in the journal using the following account titles: Cash; Accounts Receivable; Office Supplies; Prepaid Insurance; Land; Furniture; Accounts Payable; Utilities Payable; Unearned Revenue; Common Stock; Dividends; Service Revenue; Salaries Expense; Rent Expense; and Utilities Expense. Explanations are not required. 2. T-accounts have been opened for each of the accounts. Post the journal entries to the T-accounts, using transaction dates as ledger accounts. Label the balance of each account Bal posting references in the 3. Prepare the trial balance of Beth Stewart, Designer, as of November 30, 2018 Print Done X iMore Info Received $41,000 cash and issued common stock to Stewart Nov. 1 4 Purchased office supplies, $1,200, and furniture, $2,300, on account. Performed services for a law firm and received $2,100 cash Paid $27,000 cash to acquire land to be used in operations 6 7 10 Performed services for a hotel and received its promise to pay the $800 within one week. November 4 on account Paid for the furniture purchased 14 on Paid assistant's semimonthly salary, $1,470. Received cash on account, $500 15 17 20 Prepared a design for a school on account, $680. Received $1,900 cash for design services to be performed in December Received $3,100 cash for consulting with Plummer & Gordon 25 28 29 Paid $840 cash for a 12-month insurance policy starting on December 1 Paid assistant's semimonthly salary, $1,470. 30 30 Paid monthly rent expense, $650. Received a bill for utilities, $650. The bill will be paid next month Paid cash dividends of $2,800. 30 30 Print Done Accounts Payable Cash Service Revenue Utilities Payable Salaries Expense Accounts Receivable Office Supplies Unearned Revenue Rent Expense Utilities Expense Prepaid Insurance Common Stock Land Dividends FurnitureStep by Step Solution
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