post to standard ledger account.
ANSWER
Method of posting. Trace the ledger account in which the entries are to be posted. If an account is debited in the general journal, it will be posted on the debit side in the ledger account and if it is credited in the general journal, it will be posted on the credit side.
1 CASH A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
March 1 | Common stock a/c | 15000 | March 1 | Equipment a/c | 8000 |
March 1 | Notes payable a/c | 6000 | march 2 | Prepaid rent a/c | 1500 |
March 21 | Accounts receivable a/c | 1600 | march 3 | Prepaid insurance a/c | 2400 |
march 18 | Accounts payable a/c | 500 | |||
march 20 | Salaries and wages a/c | 1750 | |||
march 31 | Maintenance and repair a/c | 350 | |||
march 31 | Dividend a/c | 900 | |||
march 31 | Balance c/c | 7200 | |||
TOTAL | 22600 | TOTAL | 22600 |
2 COMMON STOCK A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 1 | Cash a/c | 15000 | |||
march 31 | Balance c/d | 15000 | |||
TOTAL | 15000 | TOTAL | 15000 |
3 NOTES PAYABLE A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 1 | Cash a/c | 6000 | |||
march 31 | Balance c/d | 6000 | |||
TOTAL | 6000 | TOTAL | 6000 |
4 EQUIPMENT A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 1 | Cash a/c | 8000 | |||
march 31 | Balance c/d | 8000 | |||
TOTAL | 8000 | TOTAL | 8000 |
5 PREPAID RENT A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 2 | Cash a/c | 1500 | |||
march 31 | Balance c/d | 1500 | |||
TOTAL | 1500 | TOTAL | 1500 |
6 PREPAID INSURANCE A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 3 | Cash a/c | 2400 | |||
Balance c/d | 2400 | ||||
TOTAL | 2400 | TOTAL | 2400 |
7 SUPPLIES A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 6 | Account payable a/c | 2000 | |||
march 31 | Balance c/d | 2000 | |||
TOTAL | 2000 | TOTAL | 2000 |
8 ACCOUNTS PAYABLE A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 18 | Cash a/c | 500 | march 6 | supplies a/c | 2000 |
march 31 | Balance c/d | 1500 | |||
TOTAL | 2000 | TOTAL | 2000 |
9 ACCOUNTS RECEIVABLE A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 14 | Service revenue a/c | 3700 | march 21 | Cash a/c | 1600 |
march 28 | Service revenue a/c | 4200 | |||
march 31 | Balance c/d | 6300 | |||
TOTAL | 7900 | TOTAL | 7900 |
10 SERVICE REVENUE A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 14 | Accounts receivable a/c | 3700 | |||
march 28 | Accounts receivable a/c | 4200 | |||
march 31 | Balance c/d | ||||
11 SALARIES AND WAGES A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 20 | Cash a/c | 1750 | |||
march 31 | Balance c/d | 1750 | |||
TOTAL | 1750 | TOTAL | 1750 |
12 MAINTENANCE AND REPAIR EXPENSES A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 31 | Cash a/c | 350 | |||
march 31 | Balance c/d | 350 | |||
TOTAL | 350 | TOTAL | 350 |
13 DIVIDENDS A/C
Date | Particulars |
Debit Amount |
date | Particulars |
Credit Amount |
march 31 | Cash a/c | 900 | |||
march 31 | Balance c/d | 900 | |||
TOTAL | 900 | TOTAL | 900 |
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please help!!
i forgot to add this too
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