Question

Comprehensive Problem 1 Part 2

Post the entries into the following ledger accounts. (Enter the transaction in chronological order for each of the Ledger accounts. Round your final answers to the nearest whole dollar.)

	A	B	C	D	E
	No	Date	General Journal	Debit	Credit
1	1	Dec.1	Cash	270,000
2			Capital stock		270,000
3
4	2	Dec.1	Rental equipment	201,600
5			Cash		138,000
6			Notes payable		63,600
7
8	3	Dec.1	Prepaid rent	9,300
9			Cash		9,300
10
11	4	Dec.4	Office supplies	1,200
12			Accounts payable		1,200
13
14	5	Dec.8	Cash	8,500
15			Unearned rental fees		8,500
16
17	6	Dec.12	Salaries expense	4,900
18			Cash		4,900
19
20	7	Dec.15	Cash	12,100
21			Accounts receivable	6,500
22			Rental fees earned		18,600
23
24	8	Dec.17	Maintenance expense	600
25			Accounts payable		600
26
27	9	Dec.23	Cash	2,200
28			Accounts receivable		2,200
29
30	10	Dec.26	No journal entry required
31
32	11	Dec.26	Salaries expense	4,900
33			Cash		4,900
34
35	12	Dec.27	Accounts payable	600
36			Cash		600
37
38	13	Dec.28	Dividends	2,700
39			Dividends payable		2,700
40
41	14	Dec.29	No journal entry required
42
43	15	Dec.29	Unexpired insurance	9,120
44			Cash		9,120
45
46	16	Dec.31	Utilities expense	680
47			Accounts payable		680
48
49	17	Dec.31	Cash	15,900
50			Accounts receivable	4,700
51			Rental fees earned		20,600

Answer 1

The following is the answer below.Thanks

Requirement
Post the entries into respective ledger accounts
	Cash A/C
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
1-Dec	Capital Stock	270000	1-Dec	Rental Equipment	138000
8-Dec	Unearned rental fees	8500	1-Dec	Prepaid Rent	9300
23-Dec	Accounts Receivable	2200	12-Dec	Salaries expenses	4900
15-Dec	Rental fees earned	12100	26-Dec	Salaries expenses	4900
31-Dec	Rental fees earned	15900	27-Dec	Accounts Payable	600
			29-Dec	Unexpired insurance	9120
			31-Dec	Bal C/D	141880
		308700			308700
	Rental Equipment
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
1-Dec	Cash A/C	138000	31-Dec	Bal C/D	138000
		138000			138000
	Notes Payable
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
31-Dec	Bal C/D	63600	1-Dec	rental equipment	63600
		63600			63600
	Prepaid Rent
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
1-Dec	cash	9300	31-Dec	By Bal C/D	9300
		9300			9300
	Office Supplies
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
4-Dec	Accounts Payable	1200	17-Dec	Maintenance Expenses	600
			31-Dec	Bal C/D	600
		1200			1200
	Accounts Payable
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
31-Dec	Bal C/D	1800	4-Dec	office supplies	1200
			27-Dec	Cash	600
		1800			1800
	Unearned Rental Fees
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
31-Dec	Bal C/D	8500	8-Dec	cash	8500
		8500			8500
	Salaries Expenses
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
12-Dec	cash	4900	31-Dec	Bal C/D	9800
26-Dec	cash	4900
		9800			9800
	Accounts Receivable
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
15-Dec	Rental Fees Earned	6500	31-Dec	Bal C/D	13400
23-Dec	Cash	2200
31-Dec	Rental Fees Earned	4700
		13400			13400
	Rental Fees Earned
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
31-Dec	Bal C/D	28000	15-Dec	cash	12100
			31-Dec	Cash	15900
		28000			28000
	Maintenance Expenses
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
17-Dec	Accounts Payable	600	31-Dec	Bal C/D	600
		600			600
	Dividends
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
28-Dec	Dividends Payable	2700	31-Dec	Bal C/D	2700
		2700			2700
	Dividends Payable
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
31-Dec	Bal C/D	2700	28-Dec	Dividends Payable	2700
		2700			2700
	Unexpired Insurance
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
29-Dec	Cash	9120	31-Dec	Bal C/D	9120
		9120			9120
	Utilities Expenses
Date	Account Title and Explanation	Debit -$	Date	Account Title and Explanation	Credit $
31-Dec	Accounts Payable	680	31-Dec	Bal C/D	680
		680			680