(a) Received $12,000 from Katie Long, owner. Purchased equipment for $25,000, paying $10,000 in cash (b) and giving a note payable for the remainder. (c) Paid $1,800 for rent for April (d) Purchased $9,800 of supplies on account. (e) Recorded $2,250 of fees earned on account. (f) Received $9,000 in cash for fees eamed (g) Paid $300 to creditors on account Paid wages of $1,650 (h) Received $1,190 from customers on account. (i) ()Recorded owner's withdrawal of $2,350 Account: Supplies Account No. 13 Balance Post Date Item Ref. Debit Credit Debit Credit Account: Equipment Account No. 14 Balance Post Ref Date Item Debit Credit Debit Credit
(a) Received $12,000 from Katie Long, owner. Purchased equipment for $25,000, paying $10,000 in cash (b) and giving a note payable for the remainder. (c) Paid $1,800 for rent for April (d) Purchased $9,800 of supplies on account. (e) Recorded $2,250 of fees earned on account. (f) Received $9,000 in cash for fees eamed (g) Paid $300 to creditors on account Paid wages of $1,650 (h) Received $1,190 from customers on account. (i) ()Recorded owner's withdrawal of $2,350 Account: Supplies Account No. 13 Balance Post Date Item Ref. Debit Credit Debit Credit Account: Equipment Account No. 14 Balance Post Ref Date Item Debit Credit Debit Credit
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:(a)
Received $12,000 from Katie Long, owner.
Purchased equipment for $25,000, paying $10,000 in cash
(b) and giving a note payable for the remainder.
(c)
Paid $1,800 for rent for April
(d)
Purchased $9,800 of supplies on account.
(e)
Recorded $2,250 of fees earned on account.
(f)
Received $9,000 in cash for fees eamed
(g)
Paid $300 to creditors on account
Paid wages of $1,650
(h)
Received $1,190 from customers on account.
(i)
()Recorded owner's withdrawal of $2,350
Transcribed Image Text:Account:
Supplies
Account No.
13
Balance
Post
Date
Item
Ref.
Debit
Credit
Debit
Credit
Account:
Equipment
Account No.
14
Balance
Post
Ref
Date
Item
Debit
Credit
Debit
Credit
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