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Alexxandr [17]
3 years ago
15

Required information The following information applies to the questions displayed below.)

Business
1 answer:
Gre4nikov [31]3 years ago
7 0

Answer:

Green Wave Company

T-Ledger Accounts:

1.                                   Common Stock Account

                                                 Jan. 1      Cash Account $35,000

                                     Cash Account

1.  Jan. 1 Common Stock     $35,000  3. Jan. 9 Equipment $8,300

5. Jan 18 Rental Fees          $12,300   7. Jan. 31 Salaries    $6,900

                                            <u>               </u>       Jan. 31 Balance  <u>$32,100</u>

                                           <u> $47,300 </u>                                 <u> $47,300</u>

Feb. 1 Balance                     $32,100

2.                                   Land Account

   Jan. 5 Note Payable      $20,500

2.                                   Note Payable Account

                                                 Jan. 5      Land                  $20,500

3.                                   Equipment Account

   Jan. 9 Cash                     $8,300

5.                                   Rental Fees Revenue

                                                Jan. 18    Cash                   $12,300

6.                                  Office Supplies

  Jan. 23 Accounts Payable  $2,300

6.                                    Accounts Payable

                                                      Jan. 23 Office Supplies  $2,300

7.                                    Salaries Expense

  Jan. 31   Cash                     $6,900

Explanation:

T-Ledger accounts are ledger accounts in the form of the letter T.  It has debit on the left-hand side and credit on the right-hand side.  It is an accounting tool for determining balances.

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