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The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction
The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at December 31. (Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Sample T accounts have been provided to show the correct display of the footing and balance lines. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero.) Cash 111 Sample T Accounts Account Title 1 XXXX Account Title 2 XXXX Account Title 3 XXXX b 7 a 10 a 10 g 20 12 d 9 f 5 15 20 e 11 Bal Bal 30 19 Bal 15 Bal Bal Bal 20 Bal 11 Bal Transactions Chart of Accounts Collected cash for tree trimming services rendered, $3,000. A. Sky Karen invested $33,000 in the tree trimming service from his personal savings account. BEEG B. Bought used trucks on account, $10,000. C. Bought office equipment for cash, $900. D. Paid advertising expense, $450. E. F. Paid laborers' salaries, $1,100. G. H. I. J. K. Sky withdrew cash for personal use, $150. Paid gas expense for trucks, $900. Performed tree trimming services for a customer on account, $1,000. Telephone expense due but unpaid, $500. Received $300 as partial payment of Transaction H. Assets Cash 111 Accounts Receivable 112 Office Equipment 121 Trucks 122 Liabilities Accounts Payable 211 Owner's Equity Sky Karen, Capital 311 Sky Karen, Withdrawals 312 Chart of Accounts Revenue Tree Trimming Fees Earned 411 Expenses Advertising Expense 511 Gas Expense 512 Salaries Expense 513 Telephone Expense 514
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