Question

J1 5,500 Jan 5 Cash Recording Revenue ..... 5,500 8 Equipment Accounts Payable 6,600 6,600 15 Salaries Expense Cash 1.700 1,700 22 Accounts Receivable Recording Revenue 11.700 11,700 Required: Post the above general journal entries to the General Ledger and update the balances on the general ledger when recording cach transaction

Remember to Add J1 reference from General Journal
Fill in the balance after each entry and in the same line.

Answer 1

Cash
Date	Explanation	Ref	Debit	Credit	Balance
2021
December 31,	Beginning balance				850
January 5 ,	Recording revenue	J1	5500		6350
January 15 ,	Salaries Expense	J3		1700	4650
Accounts Receivable
Date	Explanation	Ref	Debit	Credit	Balance
2021
December 31,	Beginning balance				300
January 22 ,	Recording revenue	J4	11,700		12,000
Equipment
Date	Explanation	Ref	Debit	Credit	Balance
2021
December 31,	Beginning balance				1,500
January 8 ,	Accounts Payable	J2	6,600		8100
Accounts Payable
Date	Explanation	Ref	Debit	Credit	Balance
2021
December 31,	Beginning balance				325
January 8 ,	Equipment	J2		6,600	6925
Revenue
Date	Explanation	Ref	Debit	Credit	Balance
2021
December 31,	Beginning balance
January 5 ,	Cash	J1		5,500	5,500
January 15 ,	Accounts Payable	J4		11,700	17,200
Salaries Expense
Date	Explanation	Ref	Debit	Credit	Balance
2021
December 31,	Beginning balance				0
January 8 ,	Cash	J3	1,700		1,700
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