Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post...

70.2K

Verified Solution

Question

Accounting

Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented above.)

I already have the journal entry worksheet to record December transaction, I need the following, balance in the T-accounts

Please do it as indicated in the image, with the boxes because it is not understandable if they write it manually

imageimageimageimageimageimage Enter the December 1 balances in the ledger T-accounts and post the December transactions. (Post entries in the order of journal entries presented above.) Income Taxes Payable Common Stock Retained Earnings Sales Revenue Cost of Goods Sold (c) On December 1, 2025, Carla Vista Company had the account balances shown below. Inventory =(3,200$0.60) The following transactions occurred during December. Dec. 3 Purchased 4,200 units of inventory on account at a cost of $0.76 per unit. 5 Sold 4,600 units of inventory on account for $0.90 per unit. (Carla Vista sold 3,200 of the $0.60 units and 1,400 of the $0.76 units.) 7 Granted the December 5 customer $180 credit for 200 units of inventory returned costing $152. These units were returned to inventory. 17 Purchased 2,200 units of inventory for cash at $0.80 each. 22 Sold 2,000 units of inventory on account for $0.99 per unit. (Carla Vista sold 2,000 of the $0.76 units.) Adjustment data: 1. Accrued salaries and wages payable $330. 2. Depreciation on equipment $190 per month. 3. Income tax expense was $230, to be paid next year

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students