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Post the transaction to the ledger. Your general ledger cash balance uses a full ledger...

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Accounting

Post the transaction to the ledger. Your general ledger cash balance uses a full ledger sheet; use the T Chart for all other account

  1. Borrowed $49,000 from the bank and signed a notes payable in the name of the business
  2. Paid cash of $26,500 to acquire land
  3. Performed customer service and earned revenue on account, $5,560
  4. Performed service for a customer and received cash of $5,800
  5. Purchased supplies on account, $350
  6. Paid $3,575 on accounts payable
  7. Paid cash expense for salaries ($4,500) and rent ($2,500); make a compound entry
  8. Received $3,300 on account
  9. Pays $900 in cash for a 3-month auto insurance
  10. Received a $255 utility bill that will be paid next week
  11. Harper withdrew cash of $5,575
  12. Paid maintenance expense of $23
  13. Received $1,500 cash from a customer for 3 months of service
  14. Employees are paid $2,250 every Friday for a 5-day work week. April 30, 2021 is a Wednesday.
  15. Record use of 1 months prepaid auto insurance ($900 for 3 months).
  16. On April 30, 2021, the supplies on hand is $45 (On April 1, 2021 it was $350).
  17. Depreciation for the current month includes equipment ($750) and trucks ($450). Make a compound entry.

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