Do the posting t-accounts Account TitleDebitCreditCash in Bank10,000Petty Cash FundAccounts ReceivableAllow ance for Bad DebtsNotes ReceivableAdvances to EmployeesSeving Supplies on HandLand9,5003,000700,000800,000BuildingsAccumulated Depreciation-BuildingShop EquipmentAccumulated Depreciation-ShopFurniture and Fixture100,000480,000112,500150,000Accumulated Depreciation -Furniture andFixtureAccounts PayableNotes PayableUnearned Service Income52,00020,00070,0007,200100,000Withholding Taxes PayableMortgage PayableCharito, CapitalCharito, DrawingService IncomeSalaries and Wages ExpenseInsurance ExpenseUtilities ExpenseRepairs and Maintenance ExpenseTransportation ExpenseSSS, Philhealth, and Pag-ibig ExpenseMiscellaneous ExpenseInterest ExpenseTotal68,45041,55018.4004.400

A ledger is a book that contains all the accounts such as Assets Accounts, Liabilities Accounts,…

Answered: Do the posting t-accounts

Business

Accounting

Do the posting t-accounts

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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Question

Do the posting t-accounts

Account Title
Debit
Credit
Cash in Bank
10,000
Petty Cash Fund
Accounts Receivable
Allow ance for Bad Debts
Notes Receivable
Advances to Employees
Seving Supplies on Hand
Land
9,500
3,000
700,000
800,000
Buildings
Accumulated Depreciation-Building
Shop Equipment
Accumulated Depreciation-Shop
Furniture and Fixture
100,000
480,000
112,500
150,000
Accumulated Depreciation -Furniture and
Fixture
Accounts Payable
Notes Payable
Unearned Service Income
52,000
20,000
70,000
7,200
100,000
Withholding Taxes Payable
Mortgage Payable
Charito, Capital
Charito, Drawing
Service Income
Salaries and Wages Expense
Insurance Expense
Utilities Expense
Repairs and Maintenance Expense
Transportation Expense
SSS, Philhealth, and Pag-ibig Expense
Miscellaneous Expense
Interest Expense
Total
68,450
41,550
18.400
4.400

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