Sheet 3: Ledger 101 Cash at bank Date Post all relevant entries from...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Sheet 3: Ledger ● ● ● 101 Cash at bank Date Post all relevant entries from the General Journal including the opening balances. Each entry must include a date, account name(s), and amount in the appropriate columns. Note that the closing balance is calculated for you automatically (see below). Your explanation should only contain the other account name(s) according to your journal entries, separated by a backslash "/" where necessary (see below). Explanation 1/1/20 Opening balance 1/1/20 Capital 2/1/20 Inventory / GST Paid 3/1/20 Inventory / GST Paid Debit 5,000 1,000 Credit 5,500 330 Balance 5000 6000 500 170 170 170 "Balence is displayed as Dror Cr on Expol for Windows and is displayed as positive or nagadve values an Estlar Mac Sheet 3: Ledger ● ● ● 101 Cash at bank Date Post all relevant entries from the General Journal including the opening balances. Each entry must include a date, account name(s), and amount in the appropriate columns. Note that the closing balance is calculated for you automatically (see below). Your explanation should only contain the other account name(s) according to your journal entries, separated by a backslash "/" where necessary (see below). Explanation 1/1/20 Opening balance 1/1/20 Capital 2/1/20 Inventory / GST Paid 3/1/20 Inventory / GST Paid Debit 5,000 1,000 Credit 5,500 330 Balance 5000 6000 500 170 170 170 "Balence is displayed as Dror Cr on Expol for Windows and is displayed as positive or nagadve values an Estlar Mac
Expert Answer:
Answer rating: 100% (QA)
The image shows instructions for completing a ledger in accounting It outlines the requirements for ... View the full answer
Related Book For
College Accounting A Contemporary Approach
ISBN: 978-0077639730
3rd edition
Authors: David Haddock, John Price, Michael Farina
Posted Date:
Students also viewed these accounting questions
-
Complete the following from the general journal of Mueller Co.: a. Year of journal entry ______ b. Month of journal entry ______ c. Day of journal entry ______ d. Name(s) of accounts debited ______...
-
Complete the following from the general journal of Moore Company. a. Year of journal entry b. Month of journal entry c. Day of journal entry d. Name(s) of account(s) debited e. Name(s) of account(s)...
-
Complete the following from the general journal of Ranger Company. a. Year of journal entry b. Month of journal entry c. Day of journal entry d. Name(s) of account(s) debited e. Name(s) of account(s)...
-
The distance between the K+ and Cl ions in KCl is 2.80 1010 m. Calculate the energy required to separate the two ions to an infinite distance apart, assuming them to be point charges initially at...
-
The Adelaide Advertising Agency, a cash basis taxpayer, bills its clients for services it renders and any out-of-pocket expenses it pays to third parties on behalf of its clients. For example, in...
-
Prove the statement above, that U = e i y satisfies the requirement (6.9.5). You will need to use the anticommutation rule { i , j } = 2 ij and y = y . ST = TS SUKU = UK(S) SU* = -US** - SU =...
-
Two small, irregularly shaped conducting objects, one carrying charge \(+q\) and one carrying charge \(-q\), are placed on an \(x\) axis at \(x=-4.0 \mathrm{~m}\) and \(x=+4.0 \mathrm{~m}\),...
-
Beta Gamma Sigma, the business honor society, recently held a dinner dance. The original (static) budget and actual results were as follows: 1. Subdivide each variance into a sales-activity variance...
-
a) Market refers to the mechanism through which all goods and services are voluntarily exchanged among different owners. Through price, markets allocate scarce resources among competing uses. Discuss...
-
1. XYZ Ltd. ("XYZ") yesterday issued a $1,000 par value 5 year bond ("the Bond"), In evaluating any capital budgeting proposal, XYZ has, historically, utilized a Required Rate of Return of 25%. As a...
-
Fill in each blank with the appropriate form of the idioms using take listed below. Make sure you conjugate the verb. to take one's time to take off to take out to take part in to take a walk to take...
-
Using your favorite operating system, write code to spawn a process that writes Hello, world to the screen or flashes an LED, depending on your available output devices.
-
An audio system processes samples at a rate of 44.1 kHz. At what rate could we sample the systems front panel to both simplify analysis of the system schedule and provide adequate response to the...
-
Suppose an employee does a particularly poor job on an assigned project. Discuss the attribution process that this persons manager will use to form judgments about this poor performance. Be sure to...
-
A city uses a water tower to store water for times of high demand. When demand is light, water is pumped into the tower. When demand is heavy, water can flow from the tower without overwhelming the...
-
Write a driver for an I/O device.
-
1. Convert the truth table to the standard SOP expression.Simply it by Karnaugh map;Drew the digital circuits. 2. Use a Karnaugh map to minimize the following standard SOP expression F (ABCD) = m...
-
If the annual fixed costs are 54,000 dinars, the occupation expense represents 20%, the contribution margin is 25%, and the unit selling price is 40 dinars. Required: Calculate the closing point of...
-
What is posting?
-
In each of the following sentences, fill in the blanks with the word debit or credit: 1. The owners capital account normally has a ?__ balance. This account increases on the ?__side and decreases on...
-
On December 31, 2016, the Income Statement section of the worksheet for Soto Company contained the following information. Give the entries that should be made in the general journal to close the...
-
Verify that \(\left|\Delta v_{\mathrm{u} x} ight| /\left|\Delta v_{\mathrm{s} x} ight| \approx 1 / 3\) for the two carts in Figure 4.9. Figure 4.9 Velocity-versus-time graph for a standard cart and a...
-
What is the ratio of the \(x\) components of the change in velocity for the plastic and metal carts, \(\Delta v_{\mathrm{p} x} / \Delta v_{\mathrm{m} x}\), in Figure 4.10? Figure 4.10...
-
Is the inertia of the cart of unknown inertia in Figure 4.9 greater or less than that of the standard cart? Figure 4.9 Velocity-versus-time graph for a standard cart and a cart of unknown inertia...
Study smarter with the SolutionInn App