General Ledger M. Muncel, Capital Acct. No. 301 Salarles Expense Acct. No. 622 Date PR Deblt Credit Balance Date PR Deblt Credit Balance May 31 G2 40,000 May 31 G2 20,000 M. Muncel, Withdrawals Acct. No. 302 Insurance Expense Acct. No. 637 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 22,000 May 31 G2 4,400 Services Revenue Acct. No. 401 Rent Expense Acct. No. 640 Date PR Deblt Credit Balance Date PR Debit Credit Balance May 31 G2 76,000 May 31 G2 8,400 Depreclation Expense Acct. No. 603 Income Summary Acct. No. 901 Date PR Deblt Credit Balance Date PR Deblt Credit Balance May 31 G2 15,000

General Ledger M. Muncel, Capital Acct. No. 301 Salarles Expense Acct. No. 622 Date PR Deblt Credit Balance Date PR Deblt Credit Balance May 31 G2 40,000 May 31 G2 20,000 M. Muncel, Withdrawals Acct. No. 302 Insurance Expense Acct. No. 637 Date PR Debit Credit Balance Date PR Debit Credit Balance May 31 G2 22,000 May 31 G2 4,400 Services Revenue Acct. No. 401 Rent Expense Acct. No. 640 Date PR Deblt Credit Balance Date PR Debit Credit Balance May 31 G2 76,000 May 31 G2 8,400 Depreclation Expense Acct. No. 603 Income Summary Acct. No. 901 Date PR Deblt Credit Balance Date PR Deblt Credit Balance May 31 G2 15,000

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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