Don't give answer in image format b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posterin the accounts, select the appropriate number to identify the transaction.CashAccounts PayableYesNoSuppliesFees EarnedAccounts Receivablec. Assume that the unadjusted trial balance on October 31 shows a credit balance for Accounts Receivable. Does this credit balance mean an error has occurred?✓ 1. Billed customers for fees earned, $50,080.2. Purchased supplies on account, $2,150.3. Received cash from customers on account, $47,080.4. Paid creditors on account, $1,300.a. Journalize these transactions in a two-column journaamount box does not require an entry, leave it blank.(1)(2)(3)(4)00 00 00 0000 00 00 00

Name: Don't give answer in image format b. Post the entries prepared in (a)
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Description: Don't give answer in image format b. Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posterin the accounts, select the appropriate number to

Journal Entry :— It is an act of recording transactions in books of account when transaction…

Business

Accounting

1. Billed customers for fees earned, $50,080. 2. Purchased supplies on account, $2,150. 3. Received cash from customers on account, $47,080. 4. Paid creditors on account, $1,300. a. Journalize these transactions in a two-column journa amount box does not require an entry, leave it blank. (1) (2) (3) (4) 00 00 00 00 00 00 00 00

1. Billed customers for fees earned, $50,080. 2. Purchased supplies on account, $2,150. 3. Received cash from customers on account, $47,080. 4. Paid creditors on account, $1,300. a. Journalize these transactions in a two-column journa amount box does not require an entry, leave it blank. (1) (2) (3) (4) 00 00 00 00 00 00 00 00

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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