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Home / Questions / Post the following transactions to T-accounts.

Post the following transactions to T-accounts.

Post the following transactions to T-accounts.

 

DATE

ACCOUNT/DESCRIPTION

PR

     DEBIT

      CREDIT

1/9

Cash

 

33,000

 

 

     Common Shares

 

 

33,000

 

 

 

 

 

2/14

Furniture

 

6,300

 

 

     Accounts Payable

 

 

6,300

 

 

 

 

 

2/22

Prepaid Rent

 

4,500

 

 

     Cash

 

 

4,500

 

 

 

 

 

3/9

Office Desks

 

5,300

 

 

Computers

 

9,000

 

 

     Cash

 

 

14,300

 

 

 

 

 

3/19

Wages Expense

 

1,400

 

 

     Wages Payable

 

 

1,400

 

 

 

 

 

 

 

Cash    101

Accounts Receivable                104

Prepaid Rent 107

Computers 109

 

 

 

 

 

 

 

 

 

               

 

 

Inventory 110

Carpeting 114

Office Desks 119

Furniture 123

 

 

 

 

 

 

 

 

 

               

 

 

Office Fixtures 144

Accounts Payable 204

Wages Payable 222

Common Shares 301

 

 

 

 

 

 

 

 

 

               

 

 

Wages Expense 511

Rent Expense 512

 

 

 

 

 

 

 

 

 

 

 

               

 

38) Fire Alarm Services completed the following transactions in the month of March.

Mar.1.Purchased fire monitoring equipment for $18,000 for cash.

2.Purchased response vehicle costing $25,000 for $4,500 cash and the remainder on account.

3.Purchased supplies on account for $800.

14.Paid $3,000 for a one-year insurance policy.

15.Received $2,000 cash for services performed.

16.Received $4,000 for services previously performed on account.

20.Paid wages to employees for $2,500.

28.Paid $500 in dividends to shareholders.

 

Requirements

Journalize each transaction and identify each transaction by date. Explanations not required.

Dec 26 2019 View more View Less

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