REQUIREMENT #2:

Post the July journal entries to the following T-Accounts and compute ending balances.


Cash (111) Landscaping Revenue (411)








Prepaid Insurance (117) Rent Expense (511)






Landscaping Supplies (119) Utility Expense (512)






Landscaping Equipment (144) Insurance Expense (513)






Accum. Depr.-Equipment (145) Supplies Expense (514)







Accounts Payable (212) Depreciation Expense (515)






Income Taxes Payable (213) Income Taxes Expense (516)






Common Stock (311)






Retained Earnings (312)






Dividends (313)

You need to set-up T accounts for all of your accounts, post your beginning account balances, then post your journal entries to your T accounts, and finally compute your ending account balances for all of your accounts.