Question: Calculate the account balances. Use a Bal posting reference on the proper side of each account to show the ending balances of the accounts

Calculate the account balances. Use a "Bal" posting reference on the properside of each account to show the ending balances of the accounts

Calculate the account balances. Use a "Bal" posting reference on the proper side of each account to show the ending balances of the accounts Cash Accounts Payable Nov 11 Nov 7 Nov 28 17,000 1,800 800 2,000 Nov. 2 Nov. 26 1,500 5,760 Nov. 31 2,100 Nov 13 Dec 19 2,800 1,200 Nov. 4 200 Nov. 15 800 Dec 4 Dec 9 Dec. 16 4,400 1,500 Nov 26 350 250 Nov. 30 5,000 Dec 1 Bal 230 Dec. 18 2,800 Dec 19 2,200 Dec. 31 700 Dec 31 Accounts Receivable Nov 22 3,400 Dec 15 3,900 Canoe Rental Revenue 1,800 Nov 7 3,400 Nov 22 4,400 Dec 9 3,900 Dec 15 800 Nov 28 Dec 18 Utilities Payable 110 Rent Expense 110 Nov. 16) 300 Dec. 201 Nov 2 2,000 Office Supplies Telephone Payable Wages Expense Nov 4 Dec. 4 1,200 Dec. 18 120 800 120 Nov 20 320 Dec 20 Nov 13 Dec. 31 2,100 2,200

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

To calculate the ending balances for each of the accounts we need to carefully post each transaction to its respective ledger and then sum up the debi... 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!