How these reversing entries post it to ledger? Meaning tosay to have Balance c/f
ID: 2433577 • Letter: H
Question
How these reversing entries post it to ledger? Meaning tosay to have Balance c/f and Balance b/d in T-Account. Response Details: Advertising expenses prepaid 800 Advertising expenses 800 Reversing entry Advertising expenses 800 Advertisingexpenses prepaid 800 Salesmen's commissions 700 Salesmen's commissions accrued 700 Reversing entry Salesmen's commissionsaccrued 700 Salesmen'scommissions 700 Insurance expenses 600 Insurance expenses prepaid 600 Reversing entry Insurance expensesprepaid 600 Insuranceexpenses 600 Office machinery repairs 300 Office machinery repairsowing 300 Reversing entry Office machinery repairsowing 300 Office machineryrepairs 300 Selling Expenses 300 Selling expenses accrued 300 Reversing entry Selling expensesaccrued 300 SellingExpenses 300 Miscellaneous Expenses in advance 100 Miscellaneous expenses 100 Reversing entry Miscellaneousexpenses 100 MiscellaneousExpenses in advance 100 Mortgage Interest Expenses 1,500 Mortgage Interest owing 1,500 Reversing entry Mortgage Interestowing 1,500 MortgageInterest Expenses 1,500 Interest on bank loan 400 Interest on bank loan owing 400 Reversing entry Interest on bank loanowing 400 Interest on bankloan 400 Bank Interest Revenue accrued 200 Bank Interest Revenue 200 Reversing entry Bank InterestRevenue 200 Bank InterestRevenue accrued 200 How these reversing entries post it to ledger? Meaning tosay to have Balance c/f and Balance b/d in T-Account. Response Details: Advertising expenses prepaid 800 Advertising expenses 800 Reversing entry Advertising expenses 800 Advertisingexpenses prepaid 800 Salesmen's commissions 700 Salesmen's commissions accrued 700 Reversing entry Salesmen's commissionsaccrued 700 Salesmen'scommissions 700 Insurance expenses 600 Insurance expenses prepaid 600 Reversing entry Insurance expensesprepaid 600 Insuranceexpenses 600 Office machinery repairs 300 Office machinery repairsowing 300 Reversing entry Office machinery repairsowing 300 Office machineryrepairs 300 Selling Expenses 300 Selling expenses accrued 300 Reversing entry Selling expensesaccrued 300 SellingExpenses 300 Miscellaneous Expenses in advance 100 Miscellaneous expenses 100 Reversing entry Miscellaneousexpenses 100 MiscellaneousExpenses in advance 100 Mortgage Interest Expenses 1,500 Mortgage Interest owing 1,500 Reversing entry Mortgage Interestowing 1,500 MortgageInterest Expenses 1,500 Interest on bank loan 400 Interest on bank loan owing 400 Reversing entry Interest on bank loanowing 400 Interest on bankloan 400 Bank Interest Revenue accrued 200 Bank Interest Revenue 200 Reversing entry Bank InterestRevenue 200 Bank InterestRevenue accrued 200 Response Details: Advertising expenses prepaid 800 Advertising expenses 800 Reversing entry Advertising expenses 800 Advertisingexpenses prepaid 800 Salesmen's commissions 700 Salesmen's commissions accrued 700 Reversing entry Salesmen's commissionsaccrued 700 Salesmen'scommissions 700 Insurance expenses 600 Insurance expenses prepaid 600 Reversing entry Insurance expensesprepaid 600 Insuranceexpenses 600 Office machinery repairs 300 Office machinery repairsowing 300 Reversing entry Office machinery repairsowing 300 Office machineryrepairs 300 Selling Expenses 300 Selling expenses accrued 300 Reversing entry Selling expensesaccrued 300 SellingExpenses 300 Miscellaneous Expenses in advance 100 Miscellaneous expenses 100 Reversing entry Miscellaneousexpenses 100 MiscellaneousExpenses in advance 100 Mortgage Interest Expenses 1,500 Mortgage Interest owing 1,500 Reversing entry Mortgage Interestowing 1,500 MortgageInterest Expenses 1,500 Interest on bank loan 400 Interest on bank loan owing 400 Reversing entry Interest on bank loanowing 400 Interest on bankloan 400 Bank Interest Revenue accrued 200 Bank Interest Revenue 200 Reversing entry Bank InterestRevenue 200 Bank InterestRevenue accrued 200 Advertising expenses prepaid 800 Advertising expenses 800 Reversing entry Advertising expenses 800 Advertisingexpenses prepaid 800 Salesmen's commissions 700 Salesmen's commissions accrued 700 Reversing entry Salesmen's commissionsaccrued 700 Salesmen'scommissions 700 Insurance expenses 600 Insurance expenses prepaid 600 Reversing entry Insurance expensesprepaid 600 Insuranceexpenses 600 Office machinery repairs 300 Office machinery repairsowing 300 Reversing entry Office machinery repairsowing 300 Office machineryrepairs 300 Selling Expenses 300 Selling expenses accrued 300 Reversing entry Selling expensesaccrued 300 SellingExpenses 300 Miscellaneous Expenses in advance 100 Miscellaneous expenses 100 Reversing entry Miscellaneousexpenses 100 MiscellaneousExpenses in advance 100 Mortgage Interest Expenses 1,500 Mortgage Interest owing 1,500 Reversing entry Mortgage Interestowing 1,500 MortgageInterest Expenses 1,500 Interest on bank loan 400 Interest on bank loan owing 400 Reversing entry Interest on bank loanowing 400 Interest on bankloan 400 Bank Interest Revenue accrued 200 Bank Interest Revenue 200 Reversing entry Bank InterestRevenue 200 Bank InterestRevenue accrued 200Explanation / Answer
x.Xm giving you 1 sample entry, rest you can do yourself on that basis.
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