Following are several general journal entries of the House Corporation during a recent month. Journal entry descriptions have been omitted:

Following are the account numbers and Januarary 1 balances of the accounts affected by the listed journal entries:

Required:
(a) Prepare a T-account for each of the accounts affected by the general journal entries listed for the House Corporation. Enter the January 1 balance in each of these accounts.
(b) Post the journal entries to the appropriate accounts.
(c) Determine the balance of each of the accounts after the transactions have been posted.
(d) What is the purpose of posting general journal entries to general ledger accounts?

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General Journal Date Description PR Debi Credit an1 Office Supplies 420 420 5 Iventory 7 Cash 9 Accounts Payable 12 Utilities Expense 7,560 6,750 6,350 2,658 Accounts Payable 7,560 6,750 6,350 Accounts Receivable 2.658 Account Number -101 January 1 Balance Cash Accounts Receivable Inventory Office Supplies Accounts Payable Utilities Expense 115 121 201 505 S12,400 9,300 6,100 840 14,200