Dec. 2 Paid $1,060 cash to Northview Mall for Security First’ share of mall advertising costs.Dec. 3 Paid $520 cash for minor repairs to the company’s computer.Dec. 4 Received $6,900 cash from Brady Engineering Co. for the receivable from November.Dec. 10 Paid cash to Zahara Hughes for six days of work at the rate of $160 per day.Dec. 14 Notified by Brady Engineering Co. that Security First’ bid of $7,100 on a proposed project has been accepted. Brady paid a $1,550 cash advance to Security First.Dec. 15 Purchased $2,250 of computer supplies on credit from Arnold Office Products.Dec. 16 Sent a reminder to Jackson Co. to pay the fee for services recorded on November 8.Dec. 20 Completed a project for Masters Corporation and received $7,900 cash.Dec. 22-26 Took the week off for the holidays.Dec. 28 Received $4,400 cash from Jackson Co. on its receivable.Dec. 29 Reimbursed K. Hughes for business automobile mileage (750 miles at $0.32 per mile).Dec. 31 The company paid $2,700 cash in dividends. I just need to know the account title, Debt, and Credit

The different accounts in the business have different balance as debit and credit balance.

Answered: Dec. 2 Paid $1,060 cash to…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Dec.	2	Paid $1,060 cash to Northview Mall for Security First’ share of mall advertising costs.
Dec.	3	Paid $520 cash for minor repairs to the company’s computer.
Dec.	4	Received $6,900 cash from Brady Engineering Co. for the receivable from November.
Dec.	10	Paid cash to Zahara Hughes for six days of work at the rate of $160 per day.
Dec.	14	Notified by Brady Engineering Co. that Security First’ bid of $7,100 on a proposed project has been accepted. Brady paid a $1,550 cash advance to Security First.
Dec.	15	Purchased $2,250 of computer supplies on credit from Arnold Office Products.
Dec.	16	Sent a reminder to Jackson Co. to pay the fee for services recorded on November 8.
Dec.	20	Completed a project for Masters Corporation and received $7,900 cash.
Dec.	22-26	Took the week off for the holidays.
Dec.	28	Received $4,400 cash from Jackson Co. on its receivable.
Dec.	29	Reimbursed K. Hughes for business automobile mileage (750 miles at $0.32 per mile).
Dec.	31	The company paid $2,700 cash in dividends.