Question

Post the transactions to the T-accounts. Use the transaction dates as posting references. Use a "Bal" posting reference to show the ending balance of each account. For any accounts with a zero balance, select the "Bal" posting reference and enter a "0" on the normal side of the account. Review the journal entries you prepared above Cash Accounts Payable Service Revenue Salaries Payable Accounts Receivable Unearned Revenue Salaries Expense Office Supplies Common Stock Depreciation Expense Truck

Answer 1

Answer: Το To Particulars Common Stock Service revenue Service revenue Unearned Revenue Account receivable To Cash A/C Amount Particulars $ 10,000 By Prepaid Insurance $ 2,000 By Office Supplies $ 15,000 By Salaries Expenses $ 800 By Rent Expenses $ 2,500 By Account payable By Dividend By C/d $ 30,300 Total To Amount $ 1,000 $ 500 $ 1,000 $ 1,600 $ 300 $ 3,000 $ 22,900 7,400 To Total $ Particulars Cash Account Payable A/C Amount Particulars $ 300 By Fuel Expenses Amount $ 300 Το Total $ 300 Total $ 300 Particulars Income Summary Το Service Revenue A/C Amount Particulars $ 20,200 By Cash By Account Receivables By Cash By Account Receivables $ 20,200 Total Amount $ 2,000 $ 2,500 $ 15,000 $ 700 $ 20,200 Total Amount $ 20,200 Το To Particulars Salaries expenses Rent Expenses Fuel Expenses Retained Earnings Total Income Summary A/C Amount Particulars $ 1,000 By Service revenue A/C $ 1,600 $ 300 $ 17,300 $ 20,200 Total Το Το $ 20,200

Amount Το Particulars Service Revenue Service Revenue Total Accounts Receivable A/C Amount Particulars $ 2,500 By Cash $ 700 By c/d $ 3,200 Total $ $ Το 2,500 700 3,200 $ Particulars C/d Unearned revenue A/C Amount Particulars $ 800 By Cash Amount $ 800 Το Total $ 800 Total 800 Particulars Salaries expenses A/c Amount Particulars $ 1,000 By Inocme Summary Amount $ 1,000 To Cash Total $ 1,000 Total $ 1,000 Amount Office Supplies A/C Amount Particulars $ 500 By C/d $ 500 Total Particulars Cash Total Το 500 $ $ 500 Particulars To C/d Common Stock A/C Amount Particulars $ 30,000 By Cash By Truck $ 30,000 Total Amount $ 10,000 $ 20,000 $ 30,000 Total

Prepiad Insurance A/c Amount Particulars $ 1,000 By C/d Particulars Cash A/C Amount To $ 1,000 Total $ 1,000 Total $ 1,000 Το Particulars Common Stock Total Truck A/C Amount Particulars $ 20,000 By C/d $ 20,000 Total Amount $ 20,000 $ 20,000 Dividends A/C Amount Particulars $ 3,000 By Cash $ 3,000 Total Particulars Dividend Payable Total Το Amount $ 3,000 3,000 $ Particulars Account Payable Fuel Expenses A/C Amount Particulars $ 300 By Income Summary Amount $ 300 Το Total $ 300 Total $ 300 Particulars Cash Rent Expenses A/C Amount Particulars $ 1,600 By Income Summary Amount $ 1,600 Το Total $ 1,600 Total $ 1,600