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Requirement 2. Post the journal entries to the T-accounts and calculate account balances. Use the...

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Accounting

Requirement 2. Post the journal entries to the T-accounts and calculate account balances. Use the transaction dates as posting references.
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Reference
Nov. 1: CJ Hadley contributed $33,000 and a truck, with a market value of $10,000, to the business in exchange for capital.
\table[[Date,,Accounts,Debit,Credit],[Nov.,1,Cash,33,000,],[,Truck,10,000,],[,Hadley, Capital,,43,000]]
Nov. 2: The business paid $2,400 to Portland Properties for November through February rent. (Debit Prepaid Rent)
\table[[Date,Accounts,Debit,Credit],[Nov.,\table[[Prepaid Rent],[Cash]],2,400,2,400]]
Nov. 3: Paid $4,200 for a business insurance policy for the term November 1,2024 through October 31,2025.(Debit Prepaid Insurance)
\table[[Date,Accounts,Debit,Credit],[Nov.,3,Prepaid Insurance,4,200,],[,,,,4,200],[,,,,],[,,,,]]

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