16. Post the transactions below and prepare a trial balance. Exam Nov. 1 Cash. Capital Stock Issued stock in exchange for cash. 8 Land Building Cash Notes Payable. Purchased land and building, by paying $40,320 cash and issuing a note payable for the remaining balance. 15 Office Equipment Accounts Payable..... Purchased office equipment on account. 21 Accounts Payable. Office Equipment. Returned some of the office equipment purchased on November 15. 25 Notes Payable Cash Paid note payable. 30 Vehicles Cash Notes Payable Purchased vehicles by paying $1,680 cash and issuing a note payable for the remaining balance. 144,000 144,000 84,000 70,320 40,320 114,000 3,840 3,840 576 576 14,400 14,400 11,280 1,680 9,600

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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16. Post the transactions below and prepare a trial balance.
Exam Nov. 1 Cash.
Capital Stock
Issued stock in exchange for cash.
8 Land
Building
Cash
Notes Payable.
Purchased land and building, by paying $40,320 cash and issuing a
note payable for the remaining balance.
15 Office Equipment
Accounts Payable.....
Purchased office equipment on account.
21 Accounts Payable.
Office Equipment.
Returned some of the office equipment purchased on November
15.
25 Notes Payable
Cash
Paid note payable.
30 Vehicles
Cash
Notes Payable
Purchased vehicles by paying $1,680 cash and issuing a note
payable for the remaining balance.
144,000
144,000
84,000
70,320
40,320
114,000
3,840
3,840
576
576
14,400
14,400
11,280
1,680
9,600
Transcribed Image Text:16. Post the transactions below and prepare a trial balance. Exam Nov. 1 Cash. Capital Stock Issued stock in exchange for cash. 8 Land Building Cash Notes Payable. Purchased land and building, by paying $40,320 cash and issuing a note payable for the remaining balance. 15 Office Equipment Accounts Payable..... Purchased office equipment on account. 21 Accounts Payable. Office Equipment. Returned some of the office equipment purchased on November 15. 25 Notes Payable Cash Paid note payable. 30 Vehicles Cash Notes Payable Purchased vehicles by paying $1,680 cash and issuing a note payable for the remaining balance. 144,000 144,000 84,000 70,320 40,320 114,000 3,840 3,840 576 576 14,400 14,400 11,280 1,680 9,600
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