ASSETS EQUITY LIABILITIES Cash Early, Capital Early, Withdrawals Service Revenue Rent Expens Accounts Payable +. %3D (1) (3) (9) 370,000 360,000 260,000 21,000 (5) 1,200 1,500 (4) 370,000 (1) (8) 7,000 21,000 (9) (7) 1,400 1,200 1,500 (5) (6) (7) (8) Notes Payable Salaries Exp 260,000 (3) 3,900 7,000 (7) 2,500 Property Taxc 1,500 Office Supplies (6) (4) 1,500 Building (2) 360,000 Learning Ob E2-21 Journalizing transactions from T-accounts In December 2018, the first five transactions of Abling's Lawn Care Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry. Office Supplies Building Equipme Cash (3) 40,000 (5) 3,800 (1) 57,000 40,000 (3) (2) 800 (4) 46,000 3,800 (5) Notes Payable Abling, Capital Accounts Payable 46,000 (4) 57,000 (1) 800 (2) Lear E2-22 Preparing a trial balance The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. Tota $123,000 Anderson, Capital $ 49,800 Trucks Fuel Expense 1,000
ASSETS EQUITY LIABILITIES Cash Early, Capital Early, Withdrawals Service Revenue Rent Expens Accounts Payable +. %3D (1) (3) (9) 370,000 360,000 260,000 21,000 (5) 1,200 1,500 (4) 370,000 (1) (8) 7,000 21,000 (9) (7) 1,400 1,200 1,500 (5) (6) (7) (8) Notes Payable Salaries Exp 260,000 (3) 3,900 7,000 (7) 2,500 Property Taxc 1,500 Office Supplies (6) (4) 1,500 Building (2) 360,000 Learning Ob E2-21 Journalizing transactions from T-accounts In December 2018, the first five transactions of Abling's Lawn Care Company have been posted to the T-accounts. Prepare the journal entries that served as the sources for the five transactions. Include an explanation for each entry. Office Supplies Building Equipme Cash (3) 40,000 (5) 3,800 (1) 57,000 40,000 (3) (2) 800 (4) 46,000 3,800 (5) Notes Payable Abling, Capital Accounts Payable 46,000 (4) 57,000 (1) 800 (2) Lear E2-22 Preparing a trial balance The accounts of Anderson Moving Company follow with their normal balances as of August 31, 2018. The accounts are listed in no particular order. Tota $123,000 Anderson, Capital $ 49,800 Trucks Fuel Expense 1,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:ASSETS
EQUITY
LIABILITIES
Cash
Early, Capital
Early, Withdrawals
Service Revenue
Rent Expens
Accounts Payable
+.
%3D
(1)
(3)
(9)
370,000 360,000
260,000
21,000
(5)
1,200
1,500
(4)
370,000
(1) (8)
7,000
21,000
(9) (7)
1,400
1,200
1,500
(5)
(6)
(7)
(8)
Notes Payable
Salaries Exp
260,000
(3)
3,900
7,000
(7)
2,500
Property Taxc
1,500
Office Supplies
(6)
(4)
1,500
Building
(2)
360,000
Learning Ob
E2-21 Journalizing transactions from T-accounts
In December 2018, the first five transactions of Abling's Lawn Care Company have
been posted to the T-accounts. Prepare the journal entries that served as the sources
for the five transactions. Include an explanation for each entry.
Office Supplies
Building
Equipme
Cash
(3) 40,000
(5)
3,800
(1) 57,000 40,000
(3)
(2)
800
(4) 46,000
3,800
(5)
Notes Payable
Abling, Capital
Accounts Payable
46,000
(4)
57,000 (1)
800
(2)
Lear
E2-22 Preparing a trial balance
The accounts of Anderson Moving Company follow with their normal balances as of
August 31, 2018. The accounts are listed in no particular order.
Tota
$123,000
Anderson, Capital
$ 49,800 Trucks
Fuel Expense
1,000
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