General Ledger Accounts Debits Credits Cash 100,000 C-Stock 100,000 Cash 65,000 Bonds Payable 65,000 Owner Equity/Building 40,000 Cash 40,000 Prepaid Insurance 6,000 Cash 6,000 Inventory 18,000 Account Payable 18,000 Accounts Receivable 30,000 Sales Revenues 30,000 Cost of Goods Sold (COGS) 5,000 Inventory 5,000 Contingent Expense 3,000 Accounts Payable 3,000 Wage Expenses 1,800 Expenses Payable 1,800 Cash 20,000 Bond Investment 20,000 Accounts payable 4,000 Cash 4,000 Dividends 4,000
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General Ledger Accounts Debits Credits Cash 100,000 C-Stock 100,000 Cash 65,000 Bonds Payable 65,000 Owner Equity/Building 40,000 Cash 40,000 Prepaid…
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