DateMar 01CashOffice equipmentCommon stockMar 02Prepaid rentCashGeneral JournalDebitCredit150,00022,000Mar 19Prepaid insurance5,000172,000Cash5,0006,000Mar 22Cash3,5006,000Accounts receivable3,500Mar 03Office equipment3,000Mar 25Accounts receivable3,820Office supplies1,200Services revenue3,820Accounts payable4,200Mar 29Dividends5,100Mar 06Cash4,000Cash5,100Services revenue4,000Mar 30Office supplies600Mar 09Accounts receivable7,500Accounts payable600Services revenue7,500Mar 31Utilities expense500500Mar 12Accounts payableCash4,2004,200Cash500Please post the account to the ledger account (T-account)

T-accounts or ledger accounts are those which are prepared after the recording of the journal…

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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