Question

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post to standard ledger account.

Answer 1

ANSWER

Method of posting. Trace the ledger account in which the entries are to be posted. If an account is debited in the general journal, it will be posted on the debit side in the ledger account and if it is credited in the general journal, it will be posted on the credit side.

1 CASH A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
March 1	Common stock a/c	15000	March 1	Equipment a/c	8000
March 1	Notes payable a/c	6000	march 2	Prepaid rent a/c	1500
March 21	Accounts receivable a/c	1600	march 3	Prepaid insurance a/c	2400
			march 18	Accounts payable a/c	500
			march 20	Salaries and wages a/c	1750
			march 31	Maintenance and repair a/c	350
			march 31	Dividend a/c	900
			march 31	Balance c/c	7200
	TOTAL	22600		TOTAL	22600

2 COMMON STOCK A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
			march 1	Cash a/c	15000
march 31	Balance c/d	15000
	TOTAL	15000		TOTAL	15000

3 NOTES PAYABLE A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
			march 1	Cash a/c	6000
march 31	Balance c/d	6000
	TOTAL	6000		TOTAL	6000

4 EQUIPMENT A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 1	Cash a/c	8000
			march 31	Balance c/d	8000
	TOTAL	8000		TOTAL	8000

5 PREPAID RENT A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 2	Cash a/c	1500
			march 31	Balance c/d	1500
	TOTAL	1500		TOTAL	1500

6 PREPAID INSURANCE A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 3	Cash a/c	2400
				Balance c/d	2400
	TOTAL	2400		TOTAL	2400

7 SUPPLIES A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 6	Account payable a/c	2000
			march 31	Balance c/d	2000
	TOTAL	2000		TOTAL	2000

8 ACCOUNTS PAYABLE A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 18	Cash a/c	500	march 6	supplies a/c	2000
march 31	Balance c/d	1500
	TOTAL	2000		TOTAL	2000

9 ACCOUNTS RECEIVABLE A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 14	Service revenue a/c	3700	march 21	Cash a/c	1600
march 28	Service revenue a/c	4200
			march 31	Balance c/d	6300
	TOTAL	7900		TOTAL	7900

10 SERVICE REVENUE A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
			march 14	Accounts receivable a/c	3700
			march 28	Accounts receivable a/c	4200
march 31	Balance c/d

11 SALARIES AND WAGES A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 20	Cash a/c	1750
			march 31	Balance c/d	1750
	TOTAL	1750		TOTAL	1750

12 MAINTENANCE AND REPAIR EXPENSES A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 31	Cash a/c	350
			march 31	Balance c/d	350
	TOTAL	350		TOTAL	350

13 DIVIDENDS A/C

Date	Particulars	Debit Amount	date	Particulars	Credit Amount
march 31	Cash a/c	900
			march 31	Balance c/d	900
	TOTAL	900		TOTAL	900