## Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting

Question

Prepare a ledger using the three-column form of account. Enter the trial balance amounts into the balance column and then post the adjusting entries. (Post entries in the order of journal entries posted in the previous part of the question. Round answers to 0 decimal places, e.g. 5,275.)

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5 months 2021-08-24T21:58:11+00:00 1 Answers 0 views 0

## Answers ( )

Insurance Expense (Dr.) $200 Prepaid Insurance (Cr.)$200

Supplies expense (Dr.) $1,250 Cash (Cr.)$1,250

Depreciation Expense (Dr.) $424 Accumulated depreciation Building (Cr.)$304

Accumulated Depreciation Equipment (Cr.) $120 Interest Expense (Dr.)$200

Interest Payable (Cr.) $200 Unearned Rent Revenue (Dr.)$2,200

Rent Revenue (Cr.) $2,200 Salaries Expense (Dr.)$700

Salaries Payable (Cr.) \$700

Step-by-step explanation:

Three column ledger has particular, debit and credit columns in which all the entries which are recorded in journal entries are posted to have a clear view of the expense and income.