Healthy Eating Foods Company's General Ledger on December 31, 20x1

What accounts and balances were included in the general ledger of Healthy Eating Foods Company on December 31, 20x1?

Can you list the various accounts and their balances in the general ledger of Healthy Eating Foods Company on December 31, 20x1?

Accounts and Balances in the General Ledger

The general ledger of Healthy Eating Foods Company on December 31, 20x1, included various accounts and balances. These accounts encompassed assets, liabilities, equity, revenue, and expenses.

On December 31, 20x1, the Healthy Eating Foods Company had a general ledger with multiple accounts and their respective balances. The accounts related to assets would show the company's resources such as cash, inventory, and equipment. Liabilities accounts would reflect the company's obligations like loans and accounts payable. Equity accounts represent the company's ownership interest.

Furthermore, revenue accounts would indicate the company's earnings from selling its nutritious snack foods, while expenses accounts would detail the costs incurred in running the business. Filling out the 11 general journal entry worksheet slides would involve recording transactions that impact these accounts.

Each transaction recorded in the general journal entry worksheet slides would require details such as the account titles affected, the amounts debited or credited, and the resulting balances. By accurately filling out these worksheets, the company can maintain an organized record of its financial activities and ensure proper accounting practices.