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Business
Accounting
Date Mar 01 Cash Office equipment Common stock Mar 02 Prepaid rent Cash General Journal Debit Credit = 150,000 22,000 Mar 19 172,000 Prepaid insurance Cash 5,000 5,000 6,000 Mar 22 Cash 3,500 6,000 Accounts receivable 3,500 Mar 03 Office equipment 3,000 Office supplies 1,200 Accounts payable 4,200 Mar 29 Dividends Mar 06 Cash 4,000 Cash Mar 25 Accounts receivable 3,820 Services revenue 3,820 5,100 5,100 Services revenue 4,000 Mar 30 Office supplies 600 600 Mar 09 Accounts receivable 7,500 Accounts payable 600 Services revenue 7,500 Mar 31 Utilities expense 500 Mar 12 Accounts payable Cash 4,200 4,200 Cash 500 Please post the account to the ledger account (T-account)

Date Mar 01 Cash Office equipment Common stock Mar 02 Prepaid rent Cash General Journal Debit Credit = 150,000 22,000 Mar 19 172,000 Prepaid insurance Cash 5,000 5,000 6,000 Mar 22 Cash 3,500 6,000 Accounts receivable 3,500 Mar 03 Office equipment 3,000 Office supplies 1,200 Accounts payable 4,200 Mar 29 Dividends Mar 06 Cash 4,000 Cash Mar 25 Accounts receivable 3,820 Services revenue 3,820 5,100 5,100 Services revenue 4,000 Mar 30 Office supplies 600 600 Mar 09 Accounts receivable 7,500 Accounts payable 600 Services revenue 7,500 Mar 31 Utilities expense 500 Mar 12 Accounts payable Cash 4,200 4,200 Cash 500 Please post the account to the ledger account (T-account)

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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Date Mar 01 Cash Office equipment Common stock Mar 02 Prepaid rent Cash General Journal Debit Credit 150,000 22,000 Mar 19 Prepaid insurance 5,000 172,000 Cash 5,000 6,000 Mar 22 Cash 3,500 6,000 Accounts receivable 3,500 Mar 03 Office equipment 3,000 Mar 25 Accounts receivable 3,820 Office supplies 1,200 Services revenue 3,820 Accounts payable 4,200 Mar 29 Dividends 5,100 Mar 06 Cash 4,000 Cash 5,100 Services revenue 4,000 Mar 30 Office supplies 600 Mar 09 Accounts receivable 7,500 Accounts payable 600 Services revenue 7,500 Mar 31 Utilities expense 500 500 Mar 12 Accounts payable Cash 4,200 4,200 Cash 500 Please post the account to the ledger account (T-account)
Transcribed Image Text:Date Mar 01 Cash Office equipment Common stock Mar 02 Prepaid rent Cash General Journal Debit Credit 150,000 22,000 Mar 19 Prepaid insurance 5,000 172,000 Cash 5,000 6,000 Mar 22 Cash 3,500 6,000 Accounts receivable 3,500 Mar 03 Office equipment 3,000 Mar 25 Accounts receivable 3,820 Office supplies 1,200 Services revenue 3,820 Accounts payable 4,200 Mar 29 Dividends 5,100 Mar 06 Cash 4,000 Cash 5,100 Services revenue 4,000 Mar 30 Office supplies 600 Mar 09 Accounts receivable 7,500 Accounts payable 600 Services revenue 7,500 Mar 31 Utilities expense 500 500 Mar 12 Accounts payable Cash 4,200 4,200 Cash 500 Please post the account to the ledger account (T-account)
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