Question

39. The Posting Reference column of the journal provides a cross-reference between the a ledger and accounts. b. journal and ledger. c. ledger and financial statements. d journal and financial statements. 40. If cash is paid for office rent, the transaction includes 2. debiting Rent Expense and crediting Cash. b. debiting Rent Expense and crediting Accounts Payable. c. debiting Rent Expense and crediting Capital. d. debiting Cash and crediting Rent Expense. 41. Tom Edwards opened an auto repair business on Apr. 1, 20. During the first month of operations, the fir had the following transactions. Record these transactiobs on page 1 of the general journal. Omit explanations Post appropriate transactions to the general ledger and complete a trail balance. DO NOT FORGET POST REFERNECES. Apr. 1 Tom Edwards invested $30,000 cash in the business. I 2 Paid rent for April, S2,100. & Bought equipment for $12,000 and issued a check for $3,000 as a down payment. 12 Performed services for $3,200 in cash, and S1,200 on credit. 19 Paid electric bill, S225. 25 Received 5900 on account from credit customers. Page 1 JOURNAL Post Ref. Description Debit Date Credit CANE

Answer 1

Please find other workings in Image.

Date	Particulars	Post Ref.	Debit	Credit
April	1	Cash account	101	30,000
		To capital	311		30,000
	2	Rent exepenses account		2100
		To cash	101		2,100
	8	Equipment account	181	12,000
		To cash/Bank	101		3000
		To Account payable	202		9000
	12	Cash account	101	3,200
		Account receviable	122	1,200
		To service fees	401		4,400
	19	Cash account	101	225
		To electric exepenses	533		225
	25	Cash account	101	900
		To Account receviables	122		900

K N R Account CASH 101) Balances Date Item Debit Credit Credit Post ref J1 Debit 30,000 April 30,000 1 2,100 2,100 3000 J1 3000 To Share capital 2 By rent exepenses 8 By Equipment 12 To services fees 19 By electrcity bill 25 To Account receviable J1 3,200 3,200 J1 225 225 J1 900 900 34,100 5325 Balance 28,775 Account Account Receviables 1221 Balances Date Item Post ref Debit Credit Debit Credit April J1 1,200 0 1,200 12 To services fees 25 By cash J1 900 9001 1,200 900 Balance 300 Account Equipment 181) Date Item Post ref Debit Credit Debit Balances Credit 3,000 9000 April J1 8. To cash To account payable 3,000 9000 J1 12,000 이 12,000 Balance

J K L M N O P R Account Account Payable 202 Balances Date Debit Credit Debit Credit Item 8 By Equipment Post ref J1 April 9,000 9,000 9,000 0 9000 Balance Account Tom Capital 311 Balances Date Item Post ref Debit Credit Debit Credit April By cash J1 30,000 30,000 0 30,000 Balance 30,000) Account Service Fees 401 Balances Date Item Post ref Debit Debit Credit April J1 12 By Cash By Account receviable Credit 3,200 1,200 3,200 1200 0 4,400 Balance 4400

Account Electricty 5331 Balances Credit Date Item Debit Credit Debit Post ref J1 April 19 To cash 225 225 225 0 Balance 225 Account Rent Balances Date Post ref Debit Credit Debit Credit Item 2 To cash April J1 2,100 2,100 2,100 01 Balance 2.100

Trial Balance Cash Account Receviable Equipment Account Payable Capital Service Fees Electricity Bill Rent expenses Total Debit Credit 28,775 300 12,000 9,000 30,000 4,400 225 2,100 43,400 43,400:

Thank you plz upvote