please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts. DATETRANSACTIONS20X1 Sept.1Zack Mason invested $53,000 in cash to start the firm. 4Purchased office equipment for $5,800 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16Purchased an automobile that will be used to visit clients; issued Check 1001 for $13,800 in full payment. 20Purchased supplies for $450; paid immediately with Check 1002. 23Returned damaged supplies for a cash refund of $135. 30Issued Check 1003 for $3,350 to Den, Inc., as payment on account for Invoice 9823. 30Withdrew $2,300 in cash for personal expenses. 30Issued Check 1004 for $1,350 to pay the rent for October. 30Performed services for $2,400 in cash. 30Paid $400 for monthly telephone bill, Check 1005.

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Description: please answer within the format by providing formula the detailed workingPlease provide answer in text (Without image)Please provide answer in text (Without image)Please provide answer in text (Without image) Here are selected transactions of Mason C

Entries are posted from journal to the T-accounts, also known as Ledger accounts.As per dual concept…

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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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Please provide answer in text (Without image)
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Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts.

DATE	TRANSACTIONS
20X1
Sept.	1	Zack Mason invested $53,000 in cash to start the firm.
		4	Purchased office equipment for $5,800 on credit from Den, Inc.; received Invoice 9823, payable in 30 days.
		16	Purchased an automobile that will be used to visit clients; issued Check 1001 for $13,800 in full payment.
		20	Purchased supplies for $450; paid immediately with Check 1002.
		23	Returned damaged supplies for a cash refund of $135.
		30	Issued Check 1003 for $3,350 to Den, Inc., as payment on account for Invoice 9823.
		30	Withdrew $2,300 in cash for personal expenses.
		30	Issued Check 1004 for $1,350 to pay the rent for October.
		30	Performed services for $2,400 in cash.
		30	Paid $400 for monthly telephone bill, Check 1005.

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