Question

Please use the general journal entries to create the following with the data :

Ledger / T-accounts showing posting of journal entries.

Unadjusted Trial Balance

Journal entries:

Date	Description	debit	Credit
1	Cash Common stock	1,500	1500
2	Properties Common stock	300	300
3	Loan Note Payable	1000	1000
4	Rent Expense Cash	16	16
5	Property Cash	600	600
5	Rent Expense Cash	24	24
6	Property Cash	200	200
6	Land Cash	400	400
7	Rent Expense Cash	550	550
7	Cash Consulting Income	200	200
8	Utilities Cash	150	150
9	Railroad Expense cash	100	100
10	Cash Rent income	975	975
10	Land Cash	140	140
11	Cash Rent Income	975	975
12	Property Cash	600	600
13	Consulting Income Cash	200	200
14	Loan Interest Note Payable	150	150

Answer 1

Cash Account
Date	Debit	Credit
1	$1500
4		$16
5		$600
5		$24
6		$200
6		$400
7		$550
7	$200
8		$150
9		$100
10	$975
10		$140
11	$975
12		$600
13	$200
Ending balance	$1070

Common Stock Account
Date	Debit	Credit
1		$1500
2		$300
Ending balance		$1800

Properties Account
Date	Debit	Credit
2	$300
5	$600
6	$200
12	$600
Ending balance	$1700

Loan Account
Date	Debit	Credit
3	$1000
Ending balance	$1000

Note Payable Account
Date	Debit	Credit
3		$1000
14		$150
Ending balance		$1150

Rent Expense Account
Date	Debit	Credit
4	$16
5	$24
7	$550
Ending balance	$590

Land Account
Date	Debit	Credit
6	$400
10	$140
Ending balance	$540

Consulting Income Account
Date	Debit	Credit
7		$200
13		$200
Ending balance		$400

Utilities Account
Date	Debit	Credit
8	$150
Ending balance	$150

Railroad Expense Account
Date	Debit	Credit
9	$100
Ending balance	$100

Rent Income Account
Date	Debit	Credit
10		$975
11		$975
Ending balance		$1950

Loan Interest Account
Date	Debit	Credit
14	$150
Ending balance	$150

Unadjusted Trial Balance
	Debit	Credit
Cash	$1070
Common stock		$1800
Properties	$1700
Loan	$1000
Note payable		$1150
Rent expense	$590
Land	$540
Consulting income		$400
Utilities	$150
Railroad expense	$100
Rent income		$1950
Loan interest	$150
	$5300	$5300