How do i enter this info into t accounts

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

Questions Cloud

Evaluate the success of the internet marketing campaign : Evaluate the success of the internet marketing campaign. What information about consumers' decision-making process can marketers learn from this campaign

Why did these problems exist : Why did these problems exist, how were they handled, and what was their overall impact on the war at large?

Calculate each project payback period : Calculate each project's payback period. Calculate the NPV for each project. Calculate the IRR for each project.

Types of florida high heat relection surfaces : Powerpoint presentation - Types of florida high heat relection surfaces (albedo) and how they compare to other surfaces in the state

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

Discuss the main cultural marketing mistakes made in case : Discuss the main cultural marketing mistakes made in this case? What factors contributed to EuroDisney's poor performance during its fi rst year of operation? What factors contributed to Hong Kong Disney's poor performance during its fi rst year

How is this reflected in the value of the firm stock : What is the basic relationship between risk and return and how is this reflected in the value of the firm's stock? The cost of debt? What are the primary factors that should be considered when establishing a firm's capital structure?

What is the npv profile and what are its uses : What are the various methods for evaluating possible capital projects, in terms of their possible benefits to the firm? Describe the benefits and/or shortcomings of each. What is the NPV profile and what are its uses?

Determine the equilibrium park consumption : Determine the equilibrium park consumption and determine taxpayer surplus for each resident - develop four equations in four unknowns: big house value Vb; small house value Vs; equilibrium park consumption

User Account

All Pages