Instructions: Prepare T accounts for each account. Analyze transactions into debit and credit parts. Write the amounts in the proper T account to show how each transaction changes account balances. Write the date of the transaction in parentheses before each amount Cash Joan Weber, Drawing Accounts Receivable-Central Properties Sales Advertising Expense Miscellaneous Expense Accounts Receivable-Clifton Care Center Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Rent Expense Repair Expense Utilities Expense Joan Weber, Capital 1: Joan Weber invested $8,000.00 cash in the business. 2: Bought supplies and paid $120.00 cash. 3: Paid cash for rent, $400.00 June 4: Sold services for cash, $800.00 5: Had mower repaired for $50.00 cash. 8: Performed $500.00 of services for Central Properties on account. 9: Bought supplies from Huff Supplies for $1,000.00 on account. | 10. Paid insurance bill, $200.00 cash. 11. Joan Weber invested an additional $1,000.00 in the business 12. Received $600.00 cash from sales. 13. Bought supplies on account from Davis Office Supplies, $100.00 14. Central Properties paid $250.00 on account. 15. Paid $10.00 for a miscellaneous expense. | 16. Paid Huff Supplies $100.00 on account 22. Paid the electric bill, $70.00 23. Ran an ad in the paper for $60.00 25. Sold services on account to Clifton Care Center, $400.00 26. Joan Weber withdrew $1,200.00 for her personal use. 30. Received cash on account from Clifton Care Center, $200.00
Instructions: Prepare T accounts for each account. Analyze transactions into debit and credit parts. Write the amounts in the proper T account to show how each transaction changes account balances. Write the date of the transaction in parentheses before each amount Cash Joan Weber, Drawing Accounts Receivable-Central Properties Sales Advertising Expense Miscellaneous Expense Accounts Receivable-Clifton Care Center Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Rent Expense Repair Expense Utilities Expense Joan Weber, Capital 1: Joan Weber invested $8,000.00 cash in the business. 2: Bought supplies and paid $120.00 cash. 3: Paid cash for rent, $400.00 June 4: Sold services for cash, $800.00 5: Had mower repaired for $50.00 cash. 8: Performed $500.00 of services for Central Properties on account. 9: Bought supplies from Huff Supplies for $1,000.00 on account. | 10. Paid insurance bill, $200.00 cash. 11. Joan Weber invested an additional $1,000.00 in the business 12. Received $600.00 cash from sales. 13. Bought supplies on account from Davis Office Supplies, $100.00 14. Central Properties paid $250.00 on account. 15. Paid $10.00 for a miscellaneous expense. | 16. Paid Huff Supplies $100.00 on account 22. Paid the electric bill, $70.00 23. Ran an ad in the paper for $60.00 25. Sold services on account to Clifton Care Center, $400.00 26. Joan Weber withdrew $1,200.00 for her personal use. 30. Received cash on account from Clifton Care Center, $200.00
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter17: Accounting For Notes And Interest
Section: Chapter Questions
Problem 13SPB
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