Posting Journal Entries Listed below are selected T-accounts and their beginning balances for Galle Inc. Required:...

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Posting Journal Entries Listed below are selected T-accounts and their beginning balances for Galle Inc. Required: Post the following journal entries to the T-accounts and compute the ending balance for each account. Jan. 1 Cash Notes Payable (Record issuance of note payable) 4 Equipment Cash (Record purchase of equipment) 6 Rent Expense Cash (Record payment of rent) 15 Accounts Receivable Service Revenue (Record performance of services) 25 Cash Accounts Receivable (Record collection from customers) 30 Salaries Expense Cash (Record payment of salaries) 50,000 50,000 25,000 25,000 500 500 10,000 10,000 3,000 3,000 2,500 2,500 Posting Journal Entries Listed below are selected T-accounts and their beginning balances for Galle Inc. Required: Post the following journal entries to the T-accounts and compute the ending balance for each account. Jan. 1 Cash Notes Payable (Record issuance of note payable) 4 Equipment Cash (Record purchase of equipment) 6 Rent Expense Cash (Record payment of rent) 15 Accounts Receivable Service Revenue (Record performance of services) 25 Cash Accounts Receivable (Record collection from customers) 30 Salaries Expense Cash (Record payment of salaries) 50,000 50,000 25,000 25,000 500 500 10,000 10,000 3,000 3,000 2,500 2,500