Transfer each amount from the journal entry to its account in General Ledger; CASH should have a debit balance of $39,940

Then find the balance in each account (add debits and credits and find the difference).

Every account should show its average balance, so Assets would have a debit balance, Liabilities would have a credit balance, and so forth.

Transfer each amount from the journal entry to its account in General Ledger; CASH should have a debit balance of $39,940

Then find the balance in each account (add debits and credits and find the difference).

Every account should show its average balance, so Assets would have a debit balance, Liabilities would have a credit balance, and so forth.

Name: Nicolas Flores Nama Nindser Bleets