28-4. (This problem is the reverse of problem 28-2)The following general journal is taken from HAMMEL Corporation's books for August 20x1 (explanations are omitted): GENERAL JOURNAL DATE DESCRIPTION DEBIT CREDIT Cash 39.400 Common stock 39,000 h. Equipment 29,000 Accounts payable 29,600 C. Cush 19,000 Service revenue 19,000 Accounts receivable 23,000 Service revenue 23.000 Salaries expense 14,090 Cash 14.000 Cash 49 000 Note payable 49,000 Utilities expense 2:000 Cash 2.000 Interest expense 9.000 Cash 9,000 Note payable 13,000 Cash 13,000 Accounts payable 3.900 Cash 3.900 k. Cash 2,000 Accounts receivable 2.DOD Dividends 2,000 Cash Required: Post each of the transactions to the ledger using the T-account format. Be sure to label each entry with the letter listed under the date column of the journal. Show the ending balance in each account assuming that the beginning balances were zero. Chapter 2 Section H
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