How do i enter this info into t accounts

Assignment Help Accounting Basics

Reference no: EM131017158

Step 4: Post entries to t accounts. How do I enter this info into T Accounts?

Date	Accounts	Debit	Credit
1-Jul	Cash	15,000.00
	Common Stock		15,000.00
	Contributed cash for common stock

1-Jul	Baking Supplies	8,500.00
	Accounts Payable		8,500.00

3-Jul	Cash	10,000.00
	note payable		10,000.00

7-Jul	Rent	1,500.00
	prepaid	1,500.00
	cash		3,000.00

10-Jul	Business Lic	375.00
	cash		375.00

11-Jul	Cash Register	250.00
	cash		250.00

13-Jul	Baking Equipment	5,000.00
	Common Stock		5,000.00

13-Jul	Advertising Expense	200.00
	cash		200.00

14-Jul	Misc Supplies	300.00
	cash		300.00

30-Jul	Phone bill	45.00
	accounts payable		45.00

31-Jul	Insurance Expense	1,200.00
	cash		1,200.00

31-Jul	Salary Expense	120.00
	Salary expense		120.00

13-Jul	Accounts Receivable	5,000.00
	cash	10,000.00
	sales		15,000.00

Date	Accounts	Debit	Credit
5-Aug	Salary Expense	120.00
	cash		120.00

8-Aug	Accounts Payable	3,200.00
	cash		3,200.00

10-Aug	phone bill	45.00
	cash		45.00

15-Aug	Baking Supplies	5,000.00
	acct payable		5,000.00

15-Aug	Salary Expense	480.00
	Salary Expense		480.00

15-Aug	Rent expense	1,500.00
	cash		1,500.00

18-Aug	cash	1,000.00
	Account Receivable		1,000.00

20-Aug	Accounts Payable	8,500.00
	cash		8,500.00

20-Aug	Salary Payable	480.00
	cash		480.00

22-Aug	Misc supplies	300.00
	cash		300.00

31-Aug	Phone expense	45.00
	accounts payable		45.00

31-Aug	Salary Expense	420.00
	Salary payable		420.00

31-Aug	Accounts Receivable	7,500.00
	cash	12,500.00
	sales		20,000.00

Date	Accounts	Debit	Credit
1-Sep	Dividends	3,000.00
	cash		3,000.00

5-Sep	salary payable	420.00
	cash		420.00

7-Sep	Merch Inventory	60.00
	cash		60.00

8-Sep	cash	4,000.00
	accts receivable		4,000.00

10-Sep	Phone bill	45.00
	cash		45.00

11-Sep	Baking Supplies	7,000.00
	cash		7,000.00

13-Sep	accounts Payable	5,000.00
	cash		5,000.00

15-Sep	salary expense	456.00
	salary payable		456.00

15-Sep	Rent	1,500.00
	cash		1,500.00

15-Sep	cash	68.00
	Merch sales revenue		68.00

15-Sep	Cost of goods sold	48.00
	Merc Inventory		48.00

20-Sep	salary payable	456.00
	cash		456.00

20-Sep	Merc Inventory	122.00
	cash		122.00

24-Sep	cash	153.00
	merch sales rev		153.00

24-Sep	Cost of goods sold	109.60
	merc inventory		109.60

30-Sep	merc inventory	151.25
	cash		151.25

Reference no: EM131017158

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