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  • T-Account Format For Exam

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    Vimal Kv
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    The document shows journal entries on the left with corresponding T-accounts on the right. The T-accounts track increases and decreases to asset, liability, and equity accounts as a result of the journal entries. Specifically, 12 journal entries are presented that impact the cash, retained earnings, accounts payable, prepaid insurance, accounts receivable, and other balance sheet accounts.

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    T-Account Format for Exam.xlsx

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    The document shows journal entries on the left with corresponding T-accounts on the right. The T-accounts track increases and decreases to asset, liability, and equity accounts as a result of the journal entries. Specifically, 12 journal entries are presented that impact the cash, retained earnings, accounts payable, prepaid insurance, accounts receivable, and other balance sheet accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    T-Account Format For Exam

    Uploaded by

    Vimal Kv
    The document shows journal entries on the left with corresponding T-accounts on the right. The T-accounts track increases and decreases to asset, liability, and equity accounts as a result of the journal entries. Specifically, 12 journal entries are presented that impact the cash, retained earnings, accounts payable, prepaid insurance, accounts receivable, and other balance sheet accounts.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 1

    Journal Entries T-Accounts

    1 Cash (A) (inc)


    Capital Stock (OE) (inc)
    Assets = Liabilities + Owner's Equity
    2 Retained Earnings (OE) (dec)
    Cash (A) (dec) + - - + - +
    Cash (A) Accounts Payable (L) Retained Earnings (OE)
    3 Retained Earnings (OE) (dec) BB - 8 - BB - BB
    Accounts Payable (L) (inc)

    4 Retained Earnings (OE) (dec) - EB


    Cash (A) (dec)
    Interest Payable (L)
    5 Prepaid Insurance (A) (inc) - BB
    Cash (A) (dec)

    6 Cash (A) (inc)


    Retained Earnings (OE) (inc)

    7 Accounts Receivable (A) (inc)


    Retained Earnings (OE) (inc) - EB - - EB EB-BB+Dividends -
    - EB -
    8 Accounts Payable (L) (dec) -
    Cash (A) (dec) Accounts Receivable (A) Taxes Payable (L) Capital Stock (OE)
    BB - BB - BB
    9 Cash (A) (inc)
    Accounts Receivable (A) (dec)
    EB -
    10 Retained Earnings (OE) (dec)
    Cash (A) (dec) Prepaid Insurance (A)
    BB -
    11 Retained Earnings (OE) (dec)
    Accounts Payable (L) (inc) - EB - EB

    12 Retained Earnings (OE) (dec) Loan Payable (L)


    Cash (A) (dec) - BB
    EB -

    PP&E (A)
    BB

    - EB

    EB - Wages Payable (L)


    BB
    Inventory (A)
    BB -

    EB - - EB

    Investment (A)
    BB -

    EB -

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