Four Column Accounts: The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa. To determine : 1. Journalize the transaction of Trevor Moore for the month of April. 2. Open four-column accounts with account number. 3. Posting of journal entries into four-column accounts in the ledger. 4. Prepare trial balance as of April 30, 2017.

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Answer 1

Question

Chapter 2, Problem P2.37BPGB

To determine

Four Column Accounts:

The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.

To determine:

1. Journalize the transaction of Trevor Moore for the month of April.

2. Open four-column accounts with account number.

3. Posting of journal entries into four-column accounts in the ledger.

4. Prepare trial balance as of April 30, 2017.

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Answer 2

Question

Chapter 2, Problem P2.37BPGB

To determine

Four Column Accounts:

The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.

To determine:

1. Journalize the transaction of Trevor Moore for the month of April.

2. Open four-column accounts with account number.

3. Posting of journal entries into four-column accounts in the ledger.

4. Prepare trial balance as of April 30, 2017.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 2, Problem P2.37BPGB

To determine

Four Column Accounts:

The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.

To determine:

1. Journalize the transaction of Trevor Moore for the month of April.

2. Open four-column accounts with account number.

3. Posting of journal entries into four-column accounts in the ledger.

4. Prepare trial balance as of April 30, 2017.

Expert Solution & Answer

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Answer 4

Question

Chapter 2, Problem P2.37BPGB

To determine

Four Column Accounts:

The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.

To determine:

1. Journalize the transaction of Trevor Moore for the month of April.

2. Open four-column accounts with account number.

3. Posting of journal entries into four-column accounts in the ledger.

4. Prepare trial balance as of April 30, 2017.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 5

Chapter 2, Problem P2.37BPGB

To determine

Four Column Accounts:

The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.

To determine:

1. Journalize the transaction of Trevor Moore for the month of April.

2. Open four-column accounts with account number.

3. Posting of journal entries into four-column accounts in the ledger.

4. Prepare trial balance as of April 30, 2017.

Answer 6

Chapter 2, Problem P2.37BPGB

To determine

Four Column Accounts:

The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.

To determine:

1. Journalize the transaction of Trevor Moore for the month of April.

2. Open four-column accounts with account number.

3. Posting of journal entries into four-column accounts in the ledger.

4. Prepare trial balance as of April 30, 2017.

Answer 7

Chapter 2, Problem P2.37BPGB

To determine

Four Column Accounts:

The four column accounts keeps track of the balance as transactions takes place. In case of assets and expense accounts, the increase in the expenses and assets are shown in the debit column and vice-versa. When there is increase in liabilities and revenues, it is shown on the credit side and vice-versa.

To determine:

1. Journalize the transaction of Trevor Moore for the month of April.

2. Open four-column accounts with account number.

3. Posting of journal entries into four-column accounts in the ledger.

4. Prepare trial balance as of April 30, 2017.

Answer 8

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Answer 9

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Answer 11

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