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T Accounts and Trial Balance Beginning balances of all accounts are normal balances: Accounts Payable Accounts Receivable Cash Common Stock Inventory Long Term Debt Retained
T Accounts and Trial Balance Beginning balances of all accounts are normal balances: Accounts Payable Accounts Receivable Cash Common Stock Inventory Long Term Debt Retained Earnings $ 1,000 $ 2,500 $ 3,000 $ 5,000 $ 4,500 $ 2,000 $ 2,000 Using the attached t-accounts, post the following entries in the proper order and create a trial balance. 1. The company buys equipment for $10,000 paying $1000 in cash and the rest in a loan for 5 years. 2. The company performs services for a customer worth $15,600. 3. Shareholders buy $15,000 worth of common stock. 4. The company pays wages of $6700. 5. The company's advertising agency completes an advertising campaign and bills the company for $1500. 6. A customer pays $1000 in cash on account
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