Concept explainers
Posting
Learning Obgective 3
3. Cash Balance $18,090
Requirements
1. Open the following T-accounts for Lawrence Engineering Cash;
2. Post the journal entries to the T-accounts. Aso transfer the dates to the T-accounts.
3. Computer the July 31 balance for each account.
Use the following information to answer Exercises E2−18 and E2−19.
The following transactions occurred for Wilke Technology Solutions:
May 1 | The business received cash of $105,000 and gave capital to Zoe Wilke. |
2 | Purchased office supplies on account, $550. |
4 | Paid $57,000 cash for building and land. The building had a fair market value of $45,000. |
6 | Performed services for customers and received cash, $3,600. |
9 | Paid $350 on accounts payable. |
17 | Performed services for customers on account, $3,500. |
19 | Paid rent expense for the month, $1,200. |
20 | Received $1,500 from customers for services to be performed next month. |
21 | Paid $900 for advertising in next month’s IT Technology magazine. |
23 | Received $3,100 cash on account from a customer. |
31 | Incurred and paid salaries, $1,700. |
Learn your wayIncludes step-by-step video
Chapter 2 Solutions
Horngren's Accounting (12th Edition)
Additional Business Textbook Solutions
Financial Accounting, Student Value Edition (4th Edition)
Horngren's Financial & Managerial Accounting, The Financial Chapters (Book & Access Card)
Financial Accounting, Student Value Edition (5th Edition)
Construction Accounting And Financial Management (4th Edition)
Horngren's Financial & Managerial Accounting, The Managerial Chapters (6th Edition)
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