Prepare the Ledger Account

Journal Date Account Titles and Explanation P.R Debit Credit 1. Dec 1, Cash 100,000 2019 To Creditors 100,000 (Received 100,000 cash from creditors) 2. 3. 2, Business Permits To Cash (Paid for Business Permits) 3, Land Cash 5,000 5,000 50,000 50,000 (Purchase Land) 4. 4, Cash To Sales 10,000 10,000 (Sales to customer for cash) 5. 5, Salaries 5,000 Cash 5,000 (Paid Salaries to employees) 6. 6, Equipment Cash Account Payable 25,000 10,000 15,000 (Purchase equipment paid in cash and balance after 3 months) 7. 7, Insurance Cash (Paid insurance premium) 8. 8, Rent Cash (Paid rental for the building) 9. 9, Purchase Cash (Purchase supplies in Cash) 20,000 20,000 120,000 120,000 15,000 15,000 31 Page