Enter the transactions below, using the Chart of Accounts. TRANSACTIONS: (July) July 17 Paid $3,000 cash for computer equipment, check 164 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24 25 Paid $4,000 for rent, check 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27. 29 Paid $500 for an employee salary, check 167. Use the following chart of accounts below. (The picture)
Enter the transactions below, using the Chart of Accounts. TRANSACTIONS: (July) July 17 Paid $3,000 cash for computer equipment, check 164 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24 25 Paid $4,000 for rent, check 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27. 29 Paid $500 for an employee salary, check 167. Use the following chart of accounts below. (The picture)
College Accounting (Book Only): A Career Approach
13th Edition
ISBN:9781337280570
Author:Scott, Cathy J.
Publisher:Scott, Cathy J.
Chapter6: Bank Accounts, Cash Funds, And Internal Controls
Section: Chapter Questions
Problem 5E
Related questions
Question
Directions: Enter the transactions below,
using the Chart of Accounts.
TRANSACTIONS:
(July)
July 17 Paid $3,000 cash for computer
equipment, check 164
18 Cash sales for 50 hats, $500.00, cash
register summary tape 18.
22 Sarah Smith withdrew $10,000.00 from the
business, check 165.
23 Received $2,000 cash on account from
Kinston Rec. Dept., receipt 23.
24 Received $300 cash on account from Caps
Inc., receipt 24
25 Paid $4,000 for rent, check
27 Joe Smith deposited $5,000.00 of his own
cash into his owner's equity account, receipt
27.
29 Paid $500 for an employee salary, check
167.
Use the following chart of accounts below. (The picture)
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