Post these transactions into ledger. 21. The doctor withdrew for his personal use, $ 10,000.22. bought another new ambulance car on account $1,700,000.23. Gave free medical services for advertisement cost $25,000.24. Paid telephone expense in cash $7,000.25. Sales furniture of worth $200,000 received $150,000 cash and $50,000 on account.26. Earned medical fees for the week (cash $35,000 and on account $60,000).27. Received reaming cash of previously sold furniture $50,000.28. Paid Taxes and Licenses expenses $20,000.29. Paid cash for another ambulance car taking on account $1,700,000.30. Paid the following expenses:Salaries and A ttendants $45,000Utilities Expense, $40,000 (light and water).

Ledger account: It is used to record the business transactions that were made during a financial…

Answered: Post these transactions into ledger.

Business

Accounting

Post these transactions into ledger.

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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Concept explainers

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.

Question

100%

Post these transactions into ledger.

21. The doctor withdrew for his personal use, $ 10,000.
22. bought another new ambulance car on account $1,700,000.
23. Gave free medical services for advertisement cost $25,000.
24. Paid telephone expense in cash $7,000.
25. Sales furniture of worth $200,000 received $150,000 cash and $50,000 on account.
26. Earned medical fees for the week (cash $35,000 and on account $60,000).
27. Received reaming cash of previously sold furniture $50,000.
28. Paid Taxes and Licenses expenses $20,000.
29. Paid cash for another ambulance car taking on account $1,700,000.
30. Paid the following expenses:
Salaries and A ttendants $45,000
Utilities Expense, $40,000 (light and water).

Definition Definition Act of publishing journal entries in their respective general ledger accounts to create a consolidated view of an account. At the end of the fiscal year, ledger accounts are balanced and account balances in every ledger are consolidated together to create the trial balance.

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