Concept explainers
Posting journal entries to four-column accounts
Learning Objective 3
2. 2. Cash Balance $52,050
Requirements
1. Open four-column account using the following account numbers: Cash, 110;
2. Post the journal entries to the four-column account, and determine the balance in the account after each transaction. Assume that the jounal entries were recorded on page 10 of the journal. Make sure to complete the Post Ref. columns in the journal and ledger.
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