Post each transaction to T-accounts and calculate the ending balance for each account. For each posting, indicate the corresponding transaction the appropriate transaction amount. Since this is the first month of operations, all T-accounts have a beginning balance of zero. Cash Debit Beginning Balance Ending Balance Credit Supplies Debit Beginning Balance Ending Balance Credit Land Equipment Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Common Stock Accounts Payable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Notes Payable Service Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Salaries Expense Debit Credit Beginning Balance Ending Balance Ending Balance

Post each transaction to T-accounts and calculate the ending balance for each account. For each posting, indicate the corresponding transaction the appropriate transaction amount. Since this is the first month of operations, all T-accounts have a beginning balance of zero. Cash Debit Beginning Balance Ending Balance Credit Supplies Debit Beginning Balance Ending Balance Credit Land Equipment Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Common Stock Accounts Payable Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Ending Balance Notes Payable Service Revenue Debit Credit Debit Credit Beginning Balance Beginning Balance Ending Balance Salaries Expense Debit Credit Beginning Balance Ending Balance Ending Balance

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 8EA: Maddie Inc. has the following transactions for its first month of business. A. What are the...

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1. January 1	Issue 10,000 shares of common stock in exchange for $28,000 in cash.
2. January 5	Purchase land for $17,000. A note payable is signed for the full amount.
3. January 9	Purchase storage container equipment for $7,600 cash.
4. January 12	Hire three employees for $1,600 per month.
5. January 18	Receive cash of $11,600 in rental fees for the current month.
6. January 23	Purchase office supplies for $1,600 on account.
7. January 31	Pay employees $4,800 for the first month's salaries.

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Subject - account Please help me. Thankyou.
On December 31, 2023, Bonita Link Corporation received a four-year, 6%, $572,000 bank loan. The terms provide for payment of the bank loan with semi-annual instalment payments of $81,485 principal and interest, starting on June 30. Bonita has a March 31 year end and records adjusting entries annually.
answer the following