C- Please solve all sub-part questions with all steps. Thanks Selected transactions from the general journal of ABC, Inc. for its first month of operations are+presented below.Accounts and explanationsDebitCreditDateMayMay.CashCommon Stock30000130,0007Cash18000Sales Revenues18,00011Supplies4000Cash1,500Account Payable2,50014Cash450Account Receivables1,000Sales Revenues1,450169,000CashSales Revenues9,00028Cash700Account Receivables70030Rent Expenses2,000|Cash2,00031Dividends5000Cash5,000Requirements:a) Using Taccounts, post the journal entries to the general ledger.

A T-account is prepared to show all the transactions relating to that particular account and for…

Selected transactions from the general journal of ABC, Inc. for its first month of operations are -+presented below. Accounts and explanations Credit Date Debit Мay May. 1 Cash 30000 Common Stock 30,000 7 Cash 18000 Sales Revenues | 18,000 11 Supplies Cash Account Payable 4000 1,500 2,500 14 Cash 450 Account Receivables Sales Revenues 1,000 1,450 16 Cash 9,000 Sales Revenues 9,000 28 Cash 700 Account Receivables 700 Rent Expenses Cash 2,000| 30 2,000 31 Dividends 5000 Cash 5,000 Requirements: a) Using T accounts, post the journal entries to the general ledger.

Selected transactions from the general journal of ABC, Inc. for its first month of operations are -+presented below. Accounts and explanations Credit Date Debit Мay May. 1 Cash 30000 Common Stock 30,000 7 Cash 18000 Sales Revenues | 18,000 11 Supplies Cash Account Payable 4000 1,500 2,500 14 Cash 450 Account Receivables Sales Revenues 1,000 1,450 16 Cash 9,000 Sales Revenues 9,000 28 Cash 700 Account Receivables 700 Rent Expenses Cash 2,000| 30 2,000 31 Dividends 5000 Cash 5,000 Requirements: a) Using T accounts, post the journal entries to the general ledger.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.1.2MBA

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