Question: Activity 3.b-Identifying the similar elements between the T-Account and the Four-Column Ledger Account After journalizing entries, information can be entered into T-Accounts and/or the

Activity 3.b-Identifying the similar elements between the T-Account and the Four-Column Ledger

Activity 3.b-Identifying the similar elements between the T-Account and the Four-Column Ledger Account After journalizing entries, information can be entered into T-Accounts and/or the four-column ledger. Enter the information from the T-Account and calculate the running balance in the appropriate place in the four-column ledger to review the similarities between the two formats. Cash Account No. 101 Cash Balance Nov 1 39,200 6,000 Nov. 2 Date Item Post Ref. Debit Credit Debit Credit Nov. 16.700 3.600 Nov. 15 2016 Nov 22 27300 3,900 Nov. 21 Dec. 21 14,400 7.900 Nov. 25 Dec. 28 13.300 3.300 Dec. 1 1,500 Dec 3 J 11 1 Mal 81.000 4,200 Dec 15 11 JU 11 11 11

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To fill out the fourcolumn ledger and calculate the running balance based on the Taccount provided w... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!