The following transactions occurred during the month for Davis Repair Services: Davis deposited $15,000 in a bank account in the name of the business. Paid the rent for the current month, $630. Bought office desks and filing cabinets for cash, $930. Bought office equipment for $4300, paying $2500 in cash and placing the balance on account. Bought an electric sign on account, $1200. Davis invested her personal computer software worth $900 in the business. Received a bill for newspaper advertising, $126. Sold services for cash, $755. Received and paid the electric bill, $158. Paid on account to Business News, a creditor, $126. Sold services for cash, $1035. Paid wages to an employee, $742. Received and paid the bill for the city business license, $35. Davis withdrew cash for personal use, $550. Bought printer paper and stationery on account, $86. Required: Record each of the above transactions into T - accounts. Prepare the trial balance for Davis Repair Services at the end of February.

[The following information applies to the questions displayed below.] Sanyu Sony started a new business and completed these transactions during December. 1 Sanyu Sony transferred $65,300 cash from a personal savings account to a checking account in the name of Sony Electric in exchange for its common stock. 2 The company paid $1,800 cash for the December rent. 3 The company purchased $14,200 of electrical equipment by paying $6,000 cash and agreeing to pay the $8,200 balance in 30 days. 5 The company purchased supplies by paying $1,000 cash. 6 The company completed electrical work and immediately collected $1,800 cash for these services. 8 The company purchased $2,820 of office equipment on credit. 15 The company completed electrical work on credit in the amount of $5,500. 18 The company purchased $450 of supplies on credit. 20 The company paid $2,820 cash for the office equipment purchased on December 8. 24 The company billed a client $900 for electrical work completed; the balance is…

Record the following transaction in the transaction analysis chart: Shawna Portia bought a new piece of computer equipment for $25,000, paying $6,000 down and charging the rest.

The following are the transactions of Spotlighter, Incorporated, for the month of January. a. Borrowed $4,390 from a local bank on a note due in six months. b. Received $5,080 cash from investors and issued common stock to them. c. Purchased $1,900 in equipment, paying $650 cash and promising the rest on a note due in one year. d. Paid $750 cash for supplies. e. Bought and received $1,150 of supplies on account. Required: Post the effects to the appropriate T-accounts and determine ending account balances. Show a beginni Debit Beginning Balance Ending Balance Debit F Cash Equipment Credit Credit Debit Beginning Balance Ending Balance Debit Supplies Accounts Payable