5) Insert the following account opening balances:Deblt134,00022,00060,00010,0006,000Account nameCreditAccount no.1-11101-13101-13201-21101-23102-1210ChequeTrade DebtorsInventoryPlant and Equipment at costOffice Equipment at costGST CollectedGST PaldTrade CreditorsBusiness Loan #1Owners Capital2,0003,5002-12202-15102-21003-100033,000100,000100,000

Name: 5) Insert the following account opening balances:Deblt134,00022,00060
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Description: 5) Insert the following account opening balances:Deblt134,00022,00060,00010,0006,000Account nameCreditAccount no.1-11101-13101-13201-21101-23102-1210ChequeTrade DebtorsInventoryPlant and Equipment at costOffice Equipment at costGST CollectedGST Pald

T-accounts are the ledger accounts whereby the transactions recorded in the journal are posted.

Business

Accounting

5) Insert the following account opening balances: Account no. Account name Debit Credit 1-1110 Cheque 134,000 22,000 1-1310 1-1320 1-2110 1-2310 Trade Debtors 60,000 Inventory Plant and Equipment at cost Office Equipment at cost GST Collected 10,000 6,000 2,000 2-1210 3,500 GST Paid Trade Creditors Business Loan #1 Owners Capital 2-1220 2-1510 33,000 100,000 100,000 2-2100 3-1000

5) Insert the following account opening balances: Account no. Account name Debit Credit 1-1110 Cheque 134,000 22,000 1-1310 1-1320 1-2110 1-2310 Trade Debtors 60,000 Inventory Plant and Equipment at cost Office Equipment at cost GST Collected 10,000 6,000 2,000 2-1210 3,500 GST Paid Trade Creditors Business Loan #1 Owners Capital 2-1220 2-1510 33,000 100,000 100,000 2-2100 3-1000

Quickbooks Online Accounting

3rd Edition

ISBN:9780357391693

Author:Owen

Publisher:Owen

Chapter4: Operating Activities: Sales And Cash Receipts

Section: Chapter Questions

Problem 2.4C

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