Attached is a sample of an unadjusted trial balance, adjusting entries, and an adjusted trial balance.

123. Post the following journal entries to the appropriate T-accounts, and show the resulting balance in each account.

a. Cash 34,000
Common Stock 34,000

b. Supplies 800
Accounts Payable 800

c. Building 80,000
Cash 12,000
Note Payable 68,000

d. Accounts Receivable 5,500
Service Revenue 5,500

e. Salary Expense 1,500
Cash 1,500


Solution:

Cash Accounts Receivable Supplies
(a) 34,000 12,000 (c) (d) 5,500 (b) 800
1,500 (e)
20,500




Building Accounts Payable Note Payable
(c) 80,000 800 (b) 68,000 (c)






Common Stock Service Revenue Salary Expense
34,000 (a) 5,500 (d) (e) 1,500