Solution-How to do t-account using those journal entries

How to do t-account using those journal entries

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Reference no: EM131783965

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How to do T-Account using those journal entries.

1-Aug	Cash	60,000
Common Stock, at par per share	50,000
Paid in Capital	10,000
1-Aug	Inventory	5,000
Cash	5,000
3-Aug	Assets	3,000
Cash	3,000
4-Aug	Cash	3,750
Account Receivable	3,750
Sals	7,500
5-Aug	Salary Expense	11,662
Cash	11,662
8-Aug	Utility Expense	1,500
Cash	1,500
10-Aug	Inventory	7,000
Cash	7,000
15-Aug	Cash	20,000
Account Receivable	20,000
15-Aug	Retained Earning	6,000
6,000
17-Aug	Prepaid Rent	9,000
Cash	9,000
19-Aug	Cash	30,000
Land	24,600
Gain on Sale	5,400
20-Aug	Cash	12,000
Account Receivable	12,000
31-Aug	Supply Expense	3,440
Supplies	3,440
31-Aug	Utility Expense	1,400
Utility Payable	1,400
31-Aug	Interest Receivable	150
Interest Revenue	150
31-Aug	Prepaid Insurance	4,500
Cash	4,500
31-Aug	Depreciation Expense	1,237
Accumulated Depreciation-Equipment	1,237
Depreciation Expense	528
Accumulated Depreciation-Building	528
31-Aug	Interest Expense	652.3
Interest Payable	652.3
31-Aug	Rent Expense	700
Prepaid Rent	700
31-Aug	Salary Expense	10,780
Salary Payable	10,780

Reference no: EM131783965

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How to do t-account using those journal entries

Reference no: EM131783965

Reference no: EM131783965

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