Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Using this journal entry, what would be the general ledger, accounts recievable, accounts payable, salaries payable, unearned fees, capital, rent expense, supplies expense, depreciation expense,

Using this journal entry, what would be the general ledger, accounts recievable, accounts payable, salaries payable, unearned fees, capital, rent expense, supplies expense, depreciation expense, insurance expense.

image text in transcribed

Date Particualrs Mar 20 Cash Answer Date Particualrs Debit Credit Debit Credit Dr. 3,500 Mar 1 Cash Dr. 16,400 To Accounts Receivable 3,500 To Revenue 16,400 Mar 2 Advertisment Expense Dr. 600 Mar 21 Accounts Receivable Dr 6,400 To Cash 600 To Revenue 6,400 Mar 3 Cash Dr. 5,000 Mar 23 Cash Dr. 19,000 To Unearned Revene 5,000 To Accounts Receivable 19,000 Dr. 240 Mar 26 Telephone Expenses To Cash Mar 6 Salary Pavable To Cash Dr. 1,500 1,500 240 Mar 8 Accounts Payable Mar 28 Electricity Expenses To Cash Dr 800 Dr. 580 To Cash 800 580 Mar 12 Accounts Receivable 12,200 Mar 30 Accounts Receivable Dr 7,800 12,200 To Revenue 7,800 To Revenue Mar 16 Cash Dr. 7,750 Mar 31 iCash Dr. 10,200 To Revenue 7,750 To Accounts Receivable 10,200 Mar 17Sala Dr. 1,500 Mar 31 Drawin Dr. 16,000 To Cash 1,500 To Cash 16,000 Mar 18Supplies 800 Total 110,270 110,270 To Accounts Payable 800 Note: We can used Customer Advance also in place of Unearned Revenue

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Reporting Analysis And Decision Making

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

5th Edition

0730313743, 978-0730313748

More Books

Students also viewed these Accounting questions