Step 4: Post entries to t accounts.

Use the t accounts page in your workbook to post all journal entries to the appropriate ledger account and calculate account balances as of September 30^th.

Date	Accounts	Debit	Credit
1-Jul	Cash	15,000.00
	Common Stock		15,000.00
	Contributed cash for common stock
1-Jul	Baking Supplies	8,500.00
1-Jul	Accounting Payable ( Baking Supplies)		8,500.00
3-Jul	Cash		10,000.00
3-Jul	Account Recieveable	10,000.00
7-Jul	Rent Expense	3,000.00
7-Jul	Cash		3,000.00
10-Jul	Buisness License	375.00
10-Jul	Cash		375.00
11-Jul	Cash		275.00
11-Jul	Misc. Expense	275.00
13-Jul	Baking Equiment	5,000.00
13-Jul	Common Stock		5,000.00
13-Jul	Advertising expense		200.00
13-Jul	Cash	200.00
14-Jul	Misc. Supplies	300.00
14-Jul	Cash		300.00
30-Jul	Telephone Expense		45.00
30-Jul	Account Recieveable	45.00
31-Jul	Insurance Policy	1,200.00
31-Jul	Cash		1,200.00
31-Jul	Accure		120.00
31-Jul	Wage payable	120.00

Date	Accounts	Debit	Credit
5-Aug	Wage Expense	120.00
5-Aug	Wage Payable		120.00
8-Aug	Cash	3,200.00
8-Aug	Account receivable		3,200.00
10-Aug	Telephone Expense	45.00
10-Aug	Cash		45.00
15-Aug	Baking supplies	5,000.00
15-Aug	Account payable		5,000.00
15-Aug	Wage Expense	480.00
15-Aug	Wage Payable		480.00
15-Aug	Rent Expense	1,500.00
15-Aug	Cash		1,500.00
18-Aug	Cash	1,000.00
18-Aug	Account Receivable		1,000.00
20-Aug	Baking supplies account payable	8,500.00
20-Aug	Cash		8,500.00
20-Aug	Accrue Wage	420.00
20-Aug	Cash		420.00
22-Aug	Misc supplies	300.00
22-Aug	Cash		300.00
31-Aug	Telephone Expense	45.00
31-Aug	Cash		45.00
	Bakery sale total $20,000 of this total on account receivable
	Cash	12,500.00
	Account Receivable	7,500.00

1-Sep	Dividends	3,000.00
1-Sep	Cash		3,000.00
5-Sep	Wage Expense
5-Sep	Cash
7-Sep	Inventory	60.00
7-Sep	Cash		60.00
8-Sep	Cash	4,000.00
8-Sep	Account receiveable		4,000.00
10-Sep	Telephone Expense	45.00
10-Sep	Cash		45.00
11-Sep	Baking Supplies	7,000.00
11-Sep	Account Payable		7,000.00
13-Sep	Supplies vendor account payable	5,000.00
13-Sep	Cash		5,000.00
15-Sep	Wage Expense
15-Sep	Wage Payable
15-Sep	Rent Expense	1,500.00
15-Sep	Cash		1,500.00
15-Sep	Merchandise Sales Revenue		68.00
15-Sep	Cost of goods sold		48.00
20-Sep	Wage Expense
20-Sep	Wage Payable
24-Sep	Merchandise Sales Revenue		153.00
24-Sep	Cost of goods sold		109.60
30-Sep	Wages Expense
30-Sep	Wage Payable
30-Sep	Mechandise Inventory	109.60
	Cash	19,000.00
	Account Receivable	6,000.00
	Bakery Sales Revenue		25,000.00