Answer:
Insurance Expense (Dr.) $200
Prepaid Insurance (Cr.) $200
Supplies expense (Dr.) $1,250
Cash (Cr.) $1,250
Depreciation Expense (Dr.) $424
Accumulated depreciation Building (Cr.) $304
Accumulated Depreciation Equipment (Cr.) $120
Interest Expense (Dr.) $200
Interest Payable (Cr.) $200
Unearned Rent Revenue (Dr.) $2,200
Rent Revenue (Cr.) $2,200
Salaries Expense (Dr.) $700
Salaries Payable (Cr.) $700
Step-by-step explanation:
Three column ledger has particular, debit and credit columns in which all the entries which are recorded in journal entries are posted to have a clear view of the expense and income.
