Post transactions to T-accounts. 1) Analysing and recording the transactions a. Borrowing of $10,000 Debit Cash b)

Post transactions to T-accounts.

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1) Analysing and recording the transactions a. Borrowing of $10,000 Debit Cash b) Cash sales of $4,500 Debit Cash Debit Accounts receiva ble Amount 10,000 c) Received $150 for advertisement Debit Cash Amount 4,500 Debit Insurance expen Amount d) Sales on account of $5,500 ses Debit Amount Accounts receivable 5,500 e) Purchased Flour on account of $6,500 Debit Retained earnings Credit Note payable Amount 6,000 Credit Sales revenue Credit 150 Sales revenue Amount h) Paid cash dividend Debit Amount Accounts payable 6,500 f) Received $6,000 from customers on account g) Paid $800 for D&O Insurance Amount 1,000 Credit Sales revenue Credit Inventory Credit 800 Cash Amount 10,000 Amount 4,500 Credit Cash Amount Amount 5,500 Credit Amount Accounts receivable 6,000 Amount 6,500 Amount Cash 1,000 150 800 1) Analysing and recording the transactions a. Borrowing of $10,000 Debit Cash b) Cash sales of $4,500 Debit Cash Debit Accounts receiva ble Amount 10,000 c) Received $150 for advertisement Debit Cash Amount 4,500 Debit Insurance expen Amount d) Sales on account of $5,500 ses Debit Amount Accounts receivable 5,500 e) Purchased Flour on account of $6,500 Debit Retained earnings Credit Note payable Amount 6,000 Credit Sales revenue Credit 150 Sales revenue Amount h) Paid cash dividend Debit Amount Accounts payable 6,500 f) Received $6,000 from customers on account g) Paid $800 for D&O Insurance Amount 1,000 Credit Sales revenue Credit Inventory Credit 800 Cash Amount 10,000 Amount 4,500 Credit Cash Amount Amount 5,500 Credit Amount Accounts receivable 6,000 Amount 6,500 Amount Cash 1,000 150 800