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LG 25-1,   continued
    CASH   ACCOUNT NO. 101   
Date   Explanation Post.
Ref.		   Debit Credit Balance
 2008                 
 June 1     J1   20      20   
        3     J1   7      27   
        6     J1     3    24   
        7     J1     10    14   
        7     J1   15      29   

    ACCOUNTS RECEIVABLE   ACCOUNT NO. 105   
Date   Explanation Post.
Ref.		   Debit Credit Balance
 2008                 
 June 5     J1   5      5   

    PREPAID INSURANCE   ACCOUNT NO. 115   
Date   Explanation Post.
Ref.		   Debit Credit Balance
 2008                 
 June 7     J1   10      10   

    ACCOUNTS PAYABLE   ACCOUNT NO.  201   
Date   Explanation Post.
Ref.		   Debit Credit Balance
 2008                 
 June 2     J1      25     25    
        6     J1   3       22    
Learning Goal 25, continued
SOLUTIONS
  S4
Section V · Using a Basic Accounting System
  
 
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Worthy & James Publishing is a provider of basic accounting books covering fundamental accounting principles, business accounting, and business math. Topics in financial accounting and business accounting covered include the balance sheet, the income statement, financial ratios, and bank reconciliation.

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