Please post the following journal entries in to respective ledger accounts and find the closing balances in each account. a) Cash a/c Dr 900 Sales Cr 900 b) Purchases a/c Dr 225 Cash a/c Cr 225 c) Office expenses a/c Dr 460 Cash a/c Cr 460 d) Prepaid expenses a/c Dr 50 Cash Cr 50 e) Cash a/c Dr 625 Sales Cr 625 f) Building a/c Dr 2,000 Cash Cr 2,000
Please post the following journal entries in to respective ledger accounts and find the closing balances in each account. a) Cash a/c Dr 900 Sales Cr 900 b) Purchases a/c Dr 225 Cash a/c Cr 225 c) Office expenses a/c Dr 460 Cash a/c Cr 460 d) Prepaid expenses a/c Dr 50 Cash Cr 50 e) Cash a/c Dr 625 Sales Cr 625 f) Building a/c Dr 2,000 Cash Cr 2,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Please post the following journal
entries in to respective ledger accounts
and find the closing balances in each
account.
a) Cash a/c Dr 900 Sales Cr 900
b) Purchases a/c Dr 225 Cash a/c Cr
225
c) Office expenses a/c Dr 460 Cash a/c
Cr 460
d) Prepaid expenses a/c Dr 50 Cash Cr
50
e) Cash a/c Dr 625 Sales Cr 625
f) Building a/c Dr 2,000 Cash Cr 2,000
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