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SweetCo started operation on 1 May 2021. The general journal of SweetCo contained the entries below for the month of May 2021. Date Details Debit
SweetCo started operation on 1 May 2021. The general journal of SweetCo contained the entries below for the month of May 2021.
Date | Details | Debit | Credit |
1-May | Cash at Bank | 150,000 | |
Capital | 150,000 | ||
8-May | Accounts Receivable | 33,000 | |
Service Revenue | 33,000 | ||
16-May | Supplies | 18,000 | |
Accounts Payable | 18,000 | ||
22-May | Electricity Expense | 14,000 | |
Cash at Bank | 14,000 | ||
30-May | Cash at Bank | 22,000 | |
Accounts Receivable | 22,000 |
Required: Post the above journal entries to the general ledger below and balance each ledger account.
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