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create t-accounts general ledger

create t-accounts general ledger

FINANCIAL ACCOUNTING
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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create t-accounts general ledger

Foster Consulting Inc Adjusted Trial Balance December 31, 2021 Debit Credit $ $ Cash 76,000 Accounts receivable 105,000 Supplies Prepaid Insurance 3,500 3,300 Prepaid Rent 6,000 Equipment Accumulated depreciation Accounts Payable Salaries payable 20,000 5,000 22,000 6,000 Unearned Service Revenue 3,000 Utilities payable Note payable Owner's Capital Owner's Drawings 300 15,000 86,400 25,000 Service Revenue 133,000 Insurance expense 300 Salaries Expense 26,000 Supplies expense Utilities expense 1,500 300 Rent expense 2,000 Depreciation expense 1,000 Interest Expense 800 $ 270,700 $ 270,700
Transcribed Image Text:Foster Consulting Inc Adjusted Trial Balance December 31, 2021 Debit Credit $ $ Cash 76,000 Accounts receivable 105,000 Supplies Prepaid Insurance 3,500 3,300 Prepaid Rent 6,000 Equipment Accumulated depreciation Accounts Payable Salaries payable 20,000 5,000 22,000 6,000 Unearned Service Revenue 3,000 Utilities payable Note payable Owner's Capital Owner's Drawings 300 15,000 86,400 25,000 Service Revenue 133,000 Insurance expense 300 Salaries Expense 26,000 Supplies expense Utilities expense 1,500 300 Rent expense 2,000 Depreciation expense 1,000 Interest Expense 800 $ 270,700 $ 270,700
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