Post the transactions to the ledger accounts. (If more than one transaction is required to...

90.2K

Verified Solution

Question

Accounting

Post the transactions to the ledger accounts. (If more than one transaction is required to post to this account, enter the transactions in the same order as given in the information. Only use as many lines as needed to post the transaction(s) to the accounts. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero.)
Review the journal entries you prepared above.LOADING...
Cash
Account No.
111
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
1
14,000
14,000
1
3,600
10,400
4
900
9,500
6
6,500
16,000
8
25
15,975
15
550
15,425
20
3,000
12,425
21
8,000
20,425
22
90
20,335
24
450
19,885
30
550
19,335
30
200
19,135
Accounts Receivable
Account No.
112
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
17
7,500
7,500
Prepaid Rent
Account No.
114
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
1
3,600
3,600
Office Supplies
Account No.
115
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
4
900
900
5
450
1,350
Office Equipment
Account No.
121
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
1
9,000
9,000
Automobile
Account No.
123
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
1
14,000
14,000
Accounts Payable
Account No.
211
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
1
14,000
14,000
5
450
14,450
30
700
15,150
Jacob Sherman, Capital
Account No.
311
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
1
23,000
23,000
Jacob Sherman, Withdrawals
Account No.
312
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
20
3,000
3,000
Commissions Earned
Account No.
411
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
6
6,500
6,500
17
7,500
14,000
21
8,000
22,000
Salaries Expense
Account No.
512
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
15
550
550
30
550
1,100
Gas Expense
Account No.
513
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
8
25
25
22
90
115
Repairs Expense
Account No.
514
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
24
450
450
Cell Phone Expense
Account No.
515
Post.
Balance
Date
Explanation
Ref.
Debit
Credit
Debit
Credit
202X
Apr.
30
200
200

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