2. Post each of the journal entries to the appropriate ledger accounts. (t-accou

Question

2. Post each of the journal entries to the appropriate ledger accounts. (t-accounts)

          a. When recording Adjusting Entries *write “Adjusting Entry in the Description*

          b. When recording Closing Entries: *write “Closing Entry” in the Descripion*

3. Compute the ending balance in each ledger account

Date Particulars Debit Credit 9/1 Cash 5000       Common stock capital 5000 9/2 Bank 10000        Note payable 10000 9/3 Supplies 3000        account payable 3000 9/4 Furniture 6000        Cash 6000 9/15 Wages 3000        Cash 2000        Wages Payable 1000 9/17 Accounts Receivable 15000      revenue 15000 9/20 Cash 3000        unearned revenue 3000 9/23 Cash 5000        revenue 5000 9/27 Cash 1000        Accounts payable 1000 9/30 Dividend 1000        Cash 1000

Explanation / Answer

Cash A/c Notes Payable To Common Stock 5000 By Furniture 6000 By Bank 10000 Accounts Payable 1000 wages 2000 Dividend 1000 To c/d 3000 c/d 10000 Total 9000 Total 9000 Total 10000 Total 10000 Common stocK Supplies By Cash 5000 To Accounts Payable 3000 By cd 3000 To   c/d 5000 Total 3000 Total 3000 Total 5000 Total 5000 Bank Accounts Payable To Notes Payable 10000 By Supplies 3000 Cash 1000 To Cd 4000 4000 4000 By C/d 10000 Total 8000 Total 8000 Total 10000 Total 10000 Furnitue Wages Payable By Wages 1000 Accounts Receivable Revenue To Revenue 15000 By cd 15000 By A/c Receivable 15000 Total 15000 Total 1500 Total 15000 Total 15000 Unearned Revenue Dividend cash 3000 Cash 1000 Cd 3000 cd 1000 Total 3000 Total 3000 Wages To cash 2000 To Wages Payable 1000 cd 3000

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