Beg. Bal. 12,000 End. Bal. Accounts Receivable Beg. Bal. 6,300 End. Bal. Equipment Beg. Bal. 5,000 > End. Bal. Notes Payable Beg. Bal. End. Bal. Service Revenue Beg. Bal. 19,500 End. Bal. Salary...


Beg. Bal.<br>12,000<br>End. Bal.<br>Accounts Receivable<br>Beg. Bal.<br>6,300<br>End. Bal.<br>Equipment<br>Beg. Bal.<br>5,000<br>><br>End. Bal.<br>Notes Payable<br>Beg. Bal.<br>End. Bal.<br>Service Revenue<br>Beg. Bal.<br>19,500<br>End. Bal.<br>Salary Expense<br>Beg. Bal.<br>5,000<br>End. Bal.<br>Rent Expense<br>Beg. Bal.<br>1,000<br>Cnd DolI<br>

Extracted text: Beg. Bal. 12,000 End. Bal. Accounts Receivable Beg. Bal. 6,300 End. Bal. Equipment Beg. Bal. 5,000 > End. Bal. Notes Payable Beg. Bal. End. Bal. Service Revenue Beg. Bal. 19,500 End. Bal. Salary Expense Beg. Bal. 5,000 End. Bal. Rent Expense Beg. Bal. 1,000 Cnd DolI
Brief Exercise 2-35<br>Posting Journal Entries<br>Listed below are selected T-accounts and their beginning balances for Galle Inc.<br>Required:<br>Post the following journal entries to the T-accounts and compute the ending balance for each account.<br>Jan. 1 Cash<br>50,000<br>Notes Payable<br>50,000<br>(Record issuance of note payable)<br>4<br>Equipment<br>25,000<br>Cash<br>25,000<br>(Record purchase of equipment)<br>6.<br>Rent Expense<br>500<br>Cash<br>500<br>(Record payment of rent)<br>15<br>Accounts Receivable<br>10,000<br>Service Revenue<br>10,000<br>(Record performance of services)<br>25<br>Cash<br>3,000<br>Accounts Receivable<br>3,000<br>(Record collection from customers)<br>30<br>Salaries Expense<br>2,500<br>Cash<br>2,500<br>(Record payment of salaries)<br>Cash<br>Beg. Bal.<br>12,000<br>End. Bal.<br>

Extracted text: Brief Exercise 2-35 Posting Journal Entries Listed below are selected T-accounts and their beginning balances for Galle Inc. Required: Post the following journal entries to the T-accounts and compute the ending balance for each account. Jan. 1 Cash 50,000 Notes Payable 50,000 (Record issuance of note payable) 4 Equipment 25,000 Cash 25,000 (Record purchase of equipment) 6. Rent Expense 500 Cash 500 (Record payment of rent) 15 Accounts Receivable 10,000 Service Revenue 10,000 (Record performance of services) 25 Cash 3,000 Accounts Receivable 3,000 (Record collection from customers) 30 Salaries Expense 2,500 Cash 2,500 (Record payment of salaries) Cash Beg. Bal. 12,000 End. Bal.

Jun 09, 2022
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