How do i enter this info into t accounts

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Reference no: EM131015076

Step 4: Post entries to t accounts. How do I enter this info into T Accounts? 

Date

Accounts

Debit

Credit

1-Jul

Cash

15,000.00

 
 

     Common Stock

 

15,000.00

 

Contributed cash for common stock

   
       

1-Jul

Baking Supplies

    8,500.00

 
 

Accounts Payable

 

    8,500.00

       

3-Jul

Cash

10,000.00

 
 

note payable

 

10,000.00

       

7-Jul

Rent

    1,500.00

 
 

prepaid

    1,500.00

 
 

cash

 

    3,000.00

       

10-Jul

Business Lic

       375.00

 
 

cash

 

       375.00

       

11-Jul

Cash Register

       250.00

 
 

cash

 

       250.00

       

13-Jul

Baking Equipment

    5,000.00

 
 

Common Stock

 

    5,000.00

       

13-Jul

Advertising Expense

       200.00

 
 

cash

 

       200.00

       

14-Jul

Misc Supplies

       300.00

 
 

cash

 

       300.00

       

30-Jul

Phone bill

         45.00

 
 

accounts payable

 

         45.00

       

31-Jul

Insurance Expense

    1,200.00

 
 

cash

 

    1,200.00

       

31-Jul

Salary Expense

     120.00

 
 

Salary expense

 

       120.00

       

13-Jul

Accounts Receivable

    5,000.00

 
 

cash

10,000.00

 
 

sales

 

15,000.00

Date

Accounts

Debit

Credit

5-Aug

Salary Expense

          120.00

 
 

cash

 

          120.00

       

8-Aug

Accounts Payable

      3,200.00

 
 

cash

 

      3,200.00

       

10-Aug

phone bill

            45.00

 
 

cash

 

            45.00

       

15-Aug

Baking Supplies

      5,000.00

 
 

acct payable

 

      5,000.00

       

15-Aug

Salary Expense

          480.00

 
 

Salary Expense

 

          480.00

       

15-Aug

Rent expense

      1,500.00

 
 

cash

 

      1,500.00

       

18-Aug

cash

      1,000.00

 
 

Account Receivable

 

      1,000.00

       

20-Aug

Accounts Payable

      8,500.00

 
 

cash

 

      8,500.00

       

20-Aug

Salary Payable

          480.00

 
 

cash

 

          480.00

       

22-Aug

Misc supplies

          300.00

 
 

cash

 

          300.00

       

31-Aug

Phone expense

            45.00

 
 

accounts payable

 

            45.00

       

31-Aug

Salary Expense

          420.00

 
 

Salary payable

 

          420.00

       

31-Aug

Accounts Receivable

      7,500.00

 
 

cash

    12,500.00

 
 

sales

 

    20,000.00

Date

Accounts

Debit

Credit

1-Sep

Dividends

    3,000.00

 
 

cash

 

    3,000.00

       

5-Sep

salary payable

       420.00

 
 

cash

 

       420.00

       

7-Sep

Merch Inventory

         60.00

 
 

cash

 

         60.00

       

8-Sep

cash

    4,000.00

 
 

accts receivable

 

    4,000.00

       

10-Sep

Phone bill

         45.00

 
 

cash

 

         45.00

       

11-Sep

Baking Supplies

    7,000.00

 
 

cash

 

    7,000.00

       

13-Sep

accounts Payable

    5,000.00

 
 

cash

 

    5,000.00

       

15-Sep

salary expense

       456.00

 
 

salary payable

 

       456.00

       

15-Sep

Rent

    1,500.00

 
 

cash

 

    1,500.00

       

15-Sep

cash

         68.00

 
 

Merch sales revenue

 

         68.00

       

15-Sep

Cost of goods sold

         48.00

 
 

Merc Inventory

 

         48.00

       

20-Sep

salary payable

       456.00

 
 

cash

 

       456.00

       

20-Sep

Merc Inventory

       122.00

 
 

cash

 

       122.00

       

24-Sep

cash

       153.00

 
 

merch sales rev

 

       153.00

       

24-Sep

Cost of goods sold

       109.60

 
 

merc inventory

 

       109.60

       

30-Sep

merc inventory

       151.25

 
 

cash

 

       151.25

 

 

 

Reference no: EM131015076

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