Organa Corp's T-account for cash, along with its beginning balance is presented below. The tran journal entries from the previous questions are shown below. Post the portions of the transact account below. If a transaction doesn't affect cash select N/A for both debits and credits colur cash select the appropriate amount in the appropriate column and N/A for the other column. 1. Organa Corp purchases $4,000 in supplies on account. 2. Organa Corp issues common stock in exchange for $52,200 cash. 3. Organa Corp pays $15,800 cash for rent in advance for the following 3 months. 4. Organa Corp used up $29,900 worth of supplies during the period. 5. Organa Corp pays its suppliers $16,400 for supplies purchased during the prior period

Organa Corp's T-account for cash, along with its beginning balance is presented below. The tran journal entries from the previous questions are shown below. Post the portions of the transact account below. If a transaction doesn't affect cash select N/A for both debits and credits colur cash select the appropriate amount in the appropriate column and N/A for the other column. 1. Organa Corp purchases $4,000 in supplies on account. 2. Organa Corp issues common stock in exchange for $52,200 cash. 3. Organa Corp pays $15,800 cash for rent in advance for the following 3 months. 4. Organa Corp used up $29,900 worth of supplies during the period. 5. Organa Corp pays its suppliers $16,400 for supplies purchased during the prior period

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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Bookkeeping

Bookkeeping is the process of recording the financial transactions of a company on a regular basis. With the process of bookkeeping, companies can track important financial information that helps management in making crucial decisions.

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Step 1: T-Ledger posting

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Step 2: General Journal Entries

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Step 3: Requirement - T-posting of the above transaction

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