Thus is a Part 2 of an Accounting Cycle and I have to make a T-Chart, please help by adding also which side is credit or debit. Thanks!
PART 2: Post to the Ledger Post all transactions to the t-accounts and calculate ending balances. Make sure you post all transactions in chronological order. Accounts Payable Date Accounts and Explanation Debit Credit Dec. 23 Cash 4,500 Accounts Receivable 4,500 Date Accounts and Explanation Debit Credit Dec. 2? Utilities Expense 350 Accounts Payable 350 Date Accounts and Explanation Debit Credit Cash Dec. 28 Accounts Receivable 700 ' ' | | | | ' ' Service Revenue 1'00 Post all transactions to the t-accounts and calculate ending balances. Make sure you post all transactions in chronological order. ALLVUIILS CITY CAPICHIQUIVII UCUIL LICUIL Dec. 28 Accounts Receivable 700 Cash Service Revenue 700 Date Accounts and Explanation Debit Credit Dec. 29 Rent Expense 2,800 Cash 2,800 Date Accounts and Explanation Debit Credit Dec. 30 Accounts Payable 350 Cash 350 Common Stock Date Accounts and Explanation Debit Credit Dec. 31 Dividends 2,300 V Cash 2,300Post all transactions to the t-accounts and calculate ending balances. Make sure you post all transactions in chronological order. ALLVUIILS CITY LAPICHIQUIVII UGUIL LICWIL Dividends Dec. 28 Accounts Receivable 700 Service Revenue 700 V Date Accounts and Explanation Debit Credit Furniture Dec. 29 Rent Expense 2,800 Cash 2,800 V V Date Accounts and Explanation Debit Credit Office Supplies Dec. 30 Accounts Payable 350 Cash 350 V V Date Accounts and Explanation Debit Credit Prepaid Insurance Dec. 31 Dividends 2,300 2,300 V Cash VUGUIL LIGUIL Rent Expense Dec. 28 Accounts Receivable 700 Service Revenue 700 V Date Accounts and Explanation Debit Credit Salaries Expense Dec. 29 Rent Expense 2,800 V Cash 2,800 Date Accounts and Explanation Debit Credit Service Revenue Dec. 30 Accounts Payable 350 Cash 350 Date Accounts and Explanation Debit Credit Dec. 31 Dividends 2,300 Cash 2,300Unearned Revenue V V V V Utilities Expense V V V V