How these reversing entries post it to ledger meaning tosay

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Reference no: EM13481924

How these reversing entries post it to ledger? Meaning tosay to have Balance c/f and Balance b/d in T-Account. Response Details:

Advertising expenses prepaid 800
    Advertising expenses 800
Reversing entry
Advertising expenses 800
   Advertisingexpenses prepaid 800

Salesmen's commissions 700
   Salesmen's commissions accrued 700
Reversing entry
Salesmen's commissionsaccrued 700
   Salesmen'scommissions 700

Insurance expenses 600
   Insurance expenses prepaid 600
Reversing entry
Insurance expensesprepaid 600
   Insuranceexpenses 600

Office machinery repairs 300
    Office machinery repairsowing 300
Reversing entry
Office machinery repairsowing 300
   Office machineryrepairs 300

Selling Expenses 300
   Selling expenses accrued 300
Reversing entry
Selling expensesaccrued 300
   SellingExpenses 300

Miscellaneous Expenses in advance 100
   Miscellaneous expenses 100
Reversing entry
Miscellaneousexpenses 100
   MiscellaneousExpenses in advance 100

Mortgage Interest Expenses 1,500
   Mortgage Interest owing 1,500
Reversing entry
Mortgage Interestowing 1,500
   MortgageInterest Expenses 1,500

Interest on bank loan 400
   Interest on bank loan owing 400
Reversing entry
Interest on bank loanowing 400
   Interest on bankloan 400

Bank Interest Revenue accrued 200
   Bank Interest Revenue 200
Reversing entry
Bank InterestRevenue 200
   Bank InterestRevenue accrued 200

Reference no: EM13481924

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