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Use the information provided in the journal entry to post the transaction to the t-account. Post in DR/CR order.
Date Accounts and Explanation Debit Credit
Nov. 1 Cash 45,000
Common Stock 45,000
Received cash from selling shares of stock
Date Accounts and Explanation Debit Credit
Nov. 4 Truck 21,200
Notes Payable 21,200
Bought a compary truck by signing
Date Accounts and Explanation Debit Credit
Nov. 8 Salaries Expense 14,500
Cash 14,500
Paid cash for salaries ,500
Date Accounts and Explanation Debit Credit
Nov. 12 Office Supplies 9,200
Accounts Payable 9,200
Purchased office supplies on account
Date Accounts and Explanation Debit Credit
Nov. 13 Cash 7,500
Unearned Revenue 7,500
Collected cash for future services
Date Accounts and Explanation Debit Credit
Nov. 12 Office Supplies 9,200
Accounts Payable 9,200
Purchased office supplies on account
Date Accounts and Explanation Debit Credit
Nov. 13 Cash 7,500
Unearned Revenue 7,500
Collected cash for future services

Sagot :

Answer:

Following are the  journal entry to the given question:

Explanation:

Cash  

              [tex]1-Nov. \ \ \ \ \ \ \ \ \ \$45,000\\\\[/tex]

 Common stock

[tex]\$45,000\ \ \ \ \ \ \ \ \ 1-Nov.[/tex]

Truck  

[tex]4- Nov. \ \ \ \ \ \ \ \ \ \$21,200\\\\[/tex]

  Notes payable

 [tex]4- Nov. \ \ \ \ \ \ \ \ \ \$21,200\\\\[/tex]

Salaries expense

[tex]8-Nov. \ \ \ \ \ \ \ \ \ \$14,500\\\\[/tex]  

Cash  

[tex]8- Nov. \ \ \ \ \ \ \ \ \ \$14,500\\\\[/tex]

Office supplies

[tex]12-Nov. \ \ \ \ \ \ \ \ \ \$9,200\\\\[/tex]

 Accounts payable

[tex]12- Nov. \ \ \ \ \ \ \ \ \ \$9,200\\\\[/tex]

Cash

[tex]13- Nov. \ \ \ \ \ \ \ \ \ \ \ \ \$7,500\\\\[/tex]

  Unearned revenue

[tex]13- Nov \ \ \ \ \ \ \ \ \ \$7,500[/tex]

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