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Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order. Date Debit Credit Accounts and explanation
Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order. Date Debit Credit Accounts and explanation Prepaid Insurance Nov. 2 37 200 Cash 37,200 Paid for a one year Insurance policy Date Accounts and Explanation Debit Credit Nov. 6 Equipment 30.100 Accounts Payable 30.100 Purchased equipment on account. Date Accounts and Explanation Debit Credit A Nov. 2 Advertising Expense 36.900 Cash 36,900 Paid for advertising in the local paper Date Debit Credit Accounts and explanation Repairs and Maintenance Expense Nov, 12 23.200 Cash 23.200 Paid for repairs to the company truck Date Accounts and Explanation Debit Credit Nov 15 Rent Expense 1 900 Cach 18.900 Poid cash for rent
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