Using this chart of listed accounts, make a general ledger chart for each one including the account number, account balance and the account title. Account TitleAccount NumberAccount Balance15,000.0010,000.00Cash101Accounts Receivable - Just BatsAccounts Receivable Caps, Inc.Accounts Receivable Kinston Rec. Dept.1021035,000.001045,000.00Computer Equipment12014,800.00Store Fixture13010,000.003,000.00Accounts Payable - City MallAccounts Payable Sporting Goods 4 UAccounts Payable Gloves UnlimitedJoe Smith, CapitalSarah Smith, CapitalJoe Smith, Drawing20220313,000.0020435,000.0051,500.002,000.003,200.00301302303Sarah Smith, Drawing304T-Shirt Sales401Hat Sales40252013,500.00Salary ExpenseRent Expense52524,000.00

Journal entry is the process of recording the business transactions in the accounting books for the…

Account Title Account Number Account Balance Cash 101 15,000.00 Accounts Receivable - Just Bats Accounts Receivable Caps, Inc. Accounts Receivable Kinston Rec. Dept. 10,000.00 5,000.00 5,000.00 102 103 104 120 14,800.00 Computer Equipment Store Fixture 130 10,000.00 202 3,000.00 Accounts Payable - City Mall Accounts Payable Sporting Goods 4 U Accounts Payable Gloves Unlimited Joe Smith, Capital Sarah Smith, Capital Joe Smith, Drawing Sarah Smith, Drawing 203 13,000.00 204 35,000.00 51,500.00 301 302 303 2,000.00 304 3,200.00 T-Shirt Sales 401 Hat Sales 402 13,500.00 24,000.00 520 Salary Expense Rent Expense 525

Account Title Account Number Account Balance Cash 101 15,000.00 Accounts Receivable - Just Bats Accounts Receivable Caps, Inc. Accounts Receivable Kinston Rec. Dept. 10,000.00 5,000.00 5,000.00 102 103 104 120 14,800.00 Computer Equipment Store Fixture 130 10,000.00 202 3,000.00 Accounts Payable - City Mall Accounts Payable Sporting Goods 4 U Accounts Payable Gloves Unlimited Joe Smith, Capital Sarah Smith, Capital Joe Smith, Drawing Sarah Smith, Drawing 203 13,000.00 204 35,000.00 51,500.00 301 302 303 2,000.00 304 3,200.00 T-Shirt Sales 401 Hat Sales 402 13,500.00 24,000.00 520 Salary Expense Rent Expense 525

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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