Question

Activity 1.a - Post Transactions to T-accounts Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order Accounts and Explanation Debit Date Credit 21.000 Nov. 2 Cash Accounts Receivable Received cash on account from customer Date Accounts and Explanation Debit Credit Nov.s Building 41.200 Notes Payable 41.200 Purchase of building with note

Answer 1

S No
1	Cash A/c
	To Accounts Receivable A/c	21000	By balance c/d	21000
		21000		21000
	Accounts Receivable A/c
	To balance c/d	21000	By Cash A/c	21000
		21000		21000
2	Building A/c
	To Notes Payable A/c	41200	By balance c/d	41200
		41200		41200
	Notes Payable A/c
	To balance c/d	41200	To building A/c	41200
		41200		41200
3	Prepaid Insurance A/c
	To Cash A/c	34700	By balance c/d	34700
		34700		34700
	Cash A/c
	To balance c/d	34700	To Prepaid insurance A/c	34700
		34700		34700
4	Land A/c
	To Cash A/c	3800	By balance c/d	3800
		3800		3800
	Cash A/c
	To balance c/d	3800	To Land A/c	3800
		3800		3800
5	Furniture A/c
	To Common stock A/c	11400	By balance c/d	11400
		11400		11400
	Common Stock A/c
	To balance c/d	11400	To furniture A/c	11400
		11400		11400