Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. activity 3.b - identifying the similar elements be

Activity 3.b - Identifying the similar elements between the T-Account and the Four-Column Ledger Account...

70.2K

Verified Solution

Question

Accounting

Activity 3.b - Identifying the similar elements between the T-Account and the Four-Column Ledger Account
After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in the appropriate place in the four-column ledger to review the similarities between the two formats.
\table[[Cash,,],[Nov.1,41,300,7,100,Nov. 2],[Nov.8,17,600,4,300,Nov. 15],[Nov.22,29,400,4,600,Nov. 21],[Dec.21,15,300,9,300,Nov. 25],[Dec.28,14,100,3,900,Dec. 1],[Bal.,81,800,Dec. 3,]]
\table[[Cash,Account No.101],[Date,Item,Post. Ref.,Debit,Credit,Balance],[Debit,Credit],[2016,,,,,,],[Nov.1,,J1,41300,,41300,],[Nov.2,,J1,,,,],[Nov.8,,J1,17600,,,],[Nov.15,,J1,,,,],[Nov.21,,J1,,4600,,],[,,J1,,,,],[,,J1,,,,],[,,J1,,,,],[,,J1,,,,],[,,J1,,,,],[,,J1,,,,],[,,J1,,,,]]
image

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

The binding energies of the atom of elements A B are Ea Eb respectively Three...

Physics
Q

Please, i need Unique answer, Use your own words (don't copy and paste). Please, don't use handwriting,...

Finance
Q

I have a management report to do and it's about to find a manager to write...

General Management
Q

You are graduating from college at the end of this semester and after reading the The...

Finance
Q

body of mass 2 0 kg is at rest at height of 10 m above...

Physics
Q

L A block of mass M is tied to a spring of force constant k...

Physics
Q

**Audit Planning: Objective Type Question** **Question:** Which of the following...

Accounting
Q

Four actors have just signed a contract to star in a dramatic movie about relationships...

Accounting
Q

Waterway Industries had the following inventory transactions occur during 2020: ...

Accounting
Q

Elvis Bieber uses a job order cost system. The material and labor are already entered...

Accounting
Q

Question 6 The One-time customer option can be used for sales with immediate payment O...

Accounting
Q

A company with $720,000 in operating assets is considering the purchase of a machine that...

Accounting