Question: Question 1 [20 points] Post these transactions from each General Journal into the General Ledger accounts. When posting transactions to the general ledger, use

Question 1 [20 points] Post these transactions from each General Journal intothe General Ledger accounts. When posting transactions to the general ledger, use

Question 1 [20 points] Post these transactions from each General Journal into the General Ledger accounts. When posting transactions to the general ledger, use the transaction letters a. b. c. d. or e as the description for each entry, Also, the dates ma Cash Account No. 101 Date Desc F Debit Credit Balance Date General Journal Account/Explanation F Debit Page GJ7 Credit 2/Sep Cash 80,000 Share Capital 80,000 (a) 7/Sep Advertising Expense, 1,250 Cash 1,250 (b) 11/Sep Cash 1,000 Commissions Eamed 1,000 (c) 12/Sep Supplies 400 oo. 400 (d) Cash 17/Sep Supplies fel Cash Accounts Payable goo 700 Accounts Payable Account No. 201 Date Desc. F Debit Credit Balance 100 600 Share Capital Account No. 301 Date Desc. F Debit Credit Balance

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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!