Here are the journal entries for the transactions you provided:

November 1

Cash 530,000 Common Stock 530,000

November 1

Computer Equipment 60,000 Notes Payable 60,000

November 2

Prepaid Rent 10,600 Cash 10,600

November 3

Inventory 50,000 Cash 50,000

November 4

Supplies 2,500 Accounts Payable 2,500

November 15

Inventory 66,000 Accounts Payable 66,000 Shipping Expense 150 Cash 150

November 17

Accounts Payable 2,500 Cash 2,500

November 18

Prepaid Insurance 6,000 Cash 6,000

November 20

Accounts Receivable 127,500 Sales Revenue 127,500

November 28

Cash 105,375 Accounts Receivable 105,375

November 29

Utilities Expense 5,300 Cash 5,300

November 30

Salaries Expense 13,000 Federal Income Tax Payable 1,950 NC State Income Tax Payable 1,300 FICA Tax Payable 993.50 Unemployment Tax Payable 126 Cash 10,530.50

December 6

Supplies 3,000 Accounts Payable 3,000

December 7

Inventory 121,000 Accounts Payable 121,000 Shipping Expense 2,100 Cash 2,100

December 15

Accounts Receivable 184,800 Sales Revenue 184,800

December 18

Advertising Expense 5,000 Cash 5,000

December 24

Cash 74,800 Accounts Receivable 74,800

December 31

Depreciation Expense - Computer Equipment 1,200 Accumulated Depreciation - Computer Equipment 1,200

December 31

Interest Expense 900 Interest Payable 900

December 31

Bad Debt Expense 1,496 Allowance for Doubtful Accounts 1,496

December 31

Utilities Expense 5,600 Utilities Payable 5,600 can you show me the ledger T accounts for these.

Answer rating: 100% (QA)

Certainly Ill provide the Taccounts for the ledger based on the journal entries you provided Please note that Ill be using abbreviations for the accou... View the full answer