Part B Part 2 Post to general ledger. Only the transactions to Cash (101) $75,000, Accounts Payable (201) $725, Fees Earned (401) $8,400 and Wages Expense (523) to be posted to the general ledger. Do not post all the transactions, only those denoted above. Note the items in ( ) above, are the account number for each account, the $ amount (if noted) represents the balance forward for those accounts.

Date Account Title and Explanation PR Debit Credit July 1 Office equipment $9000 Truck 56000 Account Payable 201 $65000 Purchased office equipment and truck on account means account payable 2 Land 124000 cash 101 40800 Long-term Note payable 83200 Purchased land for office, which they going to pay in future 3 Building 21000 Cash 101 21000 Purchased a used building by paying in cash 5 Prepaid insurance 9600 cash 101 9600 Insurance expenditure which will start august 1 9 Account Receivable 3200

Fees earned 401 3200 Paid for doing work or service 12 Office equipment 6500 cash 101 700 Long-term Notes payable 5800 Long term notes payable for office equipment 15 Account Receivable 3750 Service revenue 3750 Receiving money within 30 days 20 Account receivables 5000 Fees earned 401 5000 Receiving money on credit 21 Truck Rental Expense 3000 Account payable 3000 Truck rental for special job 22 Cash 101 5000 Account receivables 5000 Money received from the remaining amount 23 Wage expense 523 1600 Cash 101 1600 Paid wage to assistant 24 Account payable 1300 Cash 101 1300 Entry done on 21st of July 25 Repairs Expense 1425 Cash 101 1425 Truck repair cost 26 Brett Wilson Withdrawals 3875 cash 101 3875 For owners home 27 Office supplies 600 Cash 101 600 Office supplies cost 28 Advertising expense 800 Cash 101 800 Advertising cost paid cash 29 Cash 101 1400 Account receivable 1400 Received money for the service which needs to be done in august.