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T - Accounts CASH Land Accounts Payable Sales Salaries Expense $ 1 2 0 , 0 0 0 1 2 , 0 0 0 $

T-Accounts
CASH Land Accounts Payable Sales Salaries Expense
$120,00012,000 $68,000 $50,00052500500,00035,000
400,00050,000180,00017,000
80,0005,0007,000500,00052,000
4,5004,500
12,000 Equipment 232,500
300100,00050000 COGS Utilities Expense
4,00050,000250,0005,000
3,0007,00034,000 Salaries Payable 10000
100,000 Impairment Loss
50,000

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