E2.6 (LO 1, 2), AP Fredo Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $2,500 cash for a computer. 3. Purchased $450 of supplies on account. Instructions a. Indicate what accounts are increased and decreased by each transaction. b. Journalize each transaction. (Omit explanations.) Analyze transactions and journalize.

P2-6C. Cookie Mejias, owner of Mejias Company, would like to know how each of the following situations would affect the totals of the trial balance and individual ledger accounts: 1. An $850 payment for a desk was recorded as a debit to Office Equipment, $85, and a credit to Cash, $85. 2. A payment of $300 to a creditor was recorded as a debit to Accounts Payable, $300, and a credit to Cash, $100. 3. An Accounts Receivable collection of $400 was recorded as a debit to Cash, $400, and a credit to C. Mejias, Capital, $400. 4. The payment of a liability of $400 was recorded as a debit to Accounts Payable, $40, and a credit to Supplies, $40. 5. A purchase of equipment for $800 was recorded as a debit to Supplies, $800, and a credit to Cash, $800. Situation 1. 2. 3. 4. 5. 6. 6. A payment of $95 to a creditor was recorded as a debit to Accounts Payable, $95, and a credit to Cash, $59. What would you tell Cookie? Which accounts would be overstated and which would be understated? Which would…

Subject :"-Accounting

8. ABC Cleaning Company paid off the $280 they owe to XYZ Corp, check #104. • Which accounts are affected? Is it an increase or decrease to the account? Where will the debit and credit be reported? Okay You

A company engaged in the following transactions: Dec.1- Performed services for cash, $750 Dec.1- Paid expenses in cash, $550. Dec 2- Performed services on credit, $900. Dec 3- Collected on account, $600. Dec 4- Incurred expenses on credit, $650. Dec 5- Paid on account, $350. Enter the correct titles on the following T accounts, as attached, and enter the above transactions in the accounts. Determine the cash balance after these transactions, the amount still to be received, and the amount still to be paid.

Evaluate each of the following transactions in terms of their effect on assets, liabilities, and equity. 1. Receive payment of $12,000 owed by a customer2. Purchase equipment for $45,000 in cash3. Issue $85,000 in stock4. Borrow $67,000 from a bank What is the net change in Total Liabilities & Equity?   Please don't provide answer in image format thank you

Indicate what impact the following transactions would have on the accounting equation, Assets = Liabilities + Equity