Homework Answers
| Date | Particluars | Debit | Credit | |
| Jan-02 | Cash | 10000 | increased | |
| Capital account-M Acosta | 10000 | increased | ||
| ( being cash invested) | ||||
| Jan-03 | Car | 3000 | increased | |
| cash | 3000 | decreased | ||
| (being car purchased) | ||||
| Jan-09 | supplies | 600 | increased | |
| Accounts payable | 600 | increased | ||
| ( being supplies purchased) | ||||
| Jan-11 | Accounts receivable | 2400 | increased | |
| Service revenue | 2400 | increased | ||
| ( being bill issued to customer for service) | ||||
| Jan-16 | Advertising expense | 350 | increased | |
| Cash | 350 | decreased | ||
| ( being advertising expenses incurred) | ||||
| Jan-20 | Cash | 900 | increased | |
| Accounts receivable | 900 | decreased | ||
| ( being cash received from customer) | ||||
| Jan-23 | accounts payable | 300 | decreased | |
| cash | 300 | decreased | ||
| ( being creditors paid) | ||||
| Jan-28 | capital account-drawings | 1000 | decreased | |
| cash | 1000 | decreased | ||
| (being cash withdrawn) | ||||
information related to heads of the basic account is not mentioned . please let me know in the comment section if you have trouble with that also. Else other information is present in the above answer
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Exercise 2-02 Selected transactions for M. Acosta, an interior decorator, in her first month of business,...
erose 2-02 ected transactions for M. Acosta, an interior decorator, in her first month of business,...
erose 2-02 ected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. 2 Invested $10,000 cash in business 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2.400 for services performed. 16 Dald 350 cash for advertising 20 Received $900 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business,...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. List of Accounts Jan. 2 Invested $10,000 cash in business. Exercise 2-2 3 Purchased used car for $3,000 cash for use in business. Accounts Payable Accounts Receivable Advertising Expense Buildings 9 Purchased supplies on account for $500 11 Billed customers S2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $7D0 cash from customers billed on January 11 23...
Selected transactions for M. Sheffield, an interior decorator, in her first month of business, are as...
Selected transactions for M. Sheffield, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $14,100 cash in business. 3. Purchased used car for $4,230 cash for use in business 9 Purchased supplies on account for $705. 11 Billed customers $3,384 for services performed. Paid $494 cash for advertising. 20 Received $987 cash from customers billed on January 11. 23 Paid creditor $423 cash on balance owed. 28 Withdrew $1,410 cash for personal use by...
Selected transactions for Allie Mane, an interior decorator, in her first month of business, are as...
Selected transactions for Allie Mane, an interior
decorator, in her first month of business, are as
follows:
Jan.
2 Invested $10,000 cash in business.
3 Purchased used car for $3,000 cash for use in business.
4 Purchased a one-year insurance policy for $1,200.
9 Purchased supplies on account for $500.
18 Paid creditor $300 cash on balance owed.
28 Withdrew $1,000 cash for personal use by owner.
For each transaction, indicate the following. January 2
transaction is given as an...
Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are...
Selected transactions for L. Takemoto, an interior decorating
firm, in its first month of business, are as follows.
Jan. 2
Invested $15,000 cash in the business in exchange for common
stock.
3
Purchased used car for $8,200 cash for use in the
business.
9
Purchased supplies on account for $500.
11
Billed customers $1,800 for services performed.
16
Paid $200 cash for advertising.
20
Received $780 cash from customers billed on January 11.
23
Paid creditor $300 cash on balance...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5.510 for services performed Paid $150 cash for advertising start of the business Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account....
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $15,100 in cash. 2. Purchased used car for $10,000 cash for use in business. 3. Purchased supplies on account for $360. 4. Billed customers $3,720 for services performed. 5. Paid $130 cash for advertising start of the business. 6. Received $1,920 cash from customers billed in transaction (4). 7. Paid creditor $200 cash on account. 8....
Question 1 Selected transactions for Bakar Enterprise, an interior decorator, are as follows: March 2 Invested...
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $13,000 in cash. Purchased used car for $10,000 cash for use in business. Purchased supplies on account for $200. Billed customers $3,700 for services performed. Paid $100 cash for advertising start of the business. Received $1,100 cash from customers billed in transaction (4). Paid creditor $150 cash on account....
3 Exercise 2-2 Selected transactions for L. Takemoto, an interior decorating firm, in its first month...
3 Exercise 2-2 Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are as follows. Jan. 2 Stockholders invested $15,000 cash in the business in exchange for common stock. Purchased used car for $8,200 cash for use in the business. 9 Purchased supplies on account for $500. Billed customers $1,800 for services performed. Paid $200 cash for advertising. Received $780 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance...
erose 2-02 ected transactions for M. Acosta, an interior decorator, in her first month of business, are as follows. 2 Invested $10,000 cash in business 3 Purchased used car for $3,000 cash for use in business. 9 Purchased supplies on account for $600. 11 Billed customers $2.400 for services performed. 16 Dald 350 cash for advertising 20 Received $900 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance owed. 28 Withdrew $1,000 cash for personal...
Exercise 2-2 Selected transactions for A. Mane, an interior decorator, in her first month of business, are as follows. List of Accounts Jan. 2 Invested $10,000 cash in business. Exercise 2-2 3 Purchased used car for $3,000 cash for use in business. Accounts Payable Accounts Receivable Advertising Expense Buildings 9 Purchased supplies on account for $500 11 Billed customers S2,400 for services performed. 16 Paid $350 cash for advertising. 20 Received $7D0 cash from customers billed on January 11 23...
Selected transactions for M. Sheffield, an interior decorator, in her first month of business, are as follows. Jan. 2 Invested $14,100 cash in business. 3. Purchased used car for $4,230 cash for use in business 9 Purchased supplies on account for $705. 11 Billed customers $3,384 for services performed. Paid $494 cash for advertising. 20 Received $987 cash from customers billed on January 11. 23 Paid creditor $423 cash on balance owed. 28 Withdrew $1,410 cash for personal use by...
Selected transactions for Allie Mane, an interior
decorator, in her first month of business, are as
follows:
Jan.
2 Invested $10,000 cash in business.
3 Purchased used car for $3,000 cash for use in business.
4 Purchased a one-year insurance policy for $1,200.
9 Purchased supplies on account for $500.
18 Paid creditor $300 cash on balance owed.
28 Withdrew $1,000 cash for personal use by owner.
For each transaction, indicate the following. January 2
transaction is given as an...
Selected transactions for L. Takemoto, an interior decorating
firm, in its first month of business, are as follows.
Jan. 2
Invested $15,000 cash in the business in exchange for common
stock.
3
Purchased used car for $8,200 cash for use in the
business.
9
Purchased supplies on account for $500.
11
Billed customers $1,800 for services performed.
16
Paid $200 cash for advertising.
20
Received $780 cash from customers billed on January 11.
23
Paid creditor $300 cash on balance...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $14,600 in cash. Purchased used car for $10,100 cash for use in business. Purchased supplies on account for $340. Billed customers $5.510 for services performed Paid $150 cash for advertising start of the business Received $1,100 cash from customers billed in transaction (4) Paid creditor $420 cash on account....
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. Issued stock to investors for $15,100 in cash. 2. Purchased used car for $10,000 cash for use in business. 3. Purchased supplies on account for $360. 4. Billed customers $3,720 for services performed. 5. Paid $130 cash for advertising start of the business. 6. Received $1,920 cash from customers billed in transaction (4). 7. Paid creditor $200 cash on account. 8....
Question 1
Selected transactions for Bakar Enterprise, an interior
decorator, are as follows:
March
2
Invested RM15,000 cash in business.
3
Purchased used car for RM4,000 cash for use in business.
9
Purchased supplies on account for RM500 .
11
Billed customer RM1,800 for services performed.
16
Paid RM200 cash for advertising.
20
Received RM700 cash from customers billed on 11 March.
23
Paid Ah Meng RM400 cash on balanced owed.
28
Paid RM1,500 cash salary to administrative assistant.
29...
Selected transactions for Front Room, an interior decorator corporation, in its first month of business, are as follows. 1. 2. 3. 4. 5. 6. 7. 8. Issued stock to investors for $13,000 in cash. Purchased used car for $10,000 cash for use in business. Purchased supplies on account for $200. Billed customers $3,700 for services performed. Paid $100 cash for advertising start of the business. Received $1,100 cash from customers billed in transaction (4). Paid creditor $150 cash on account....
3 Exercise 2-2 Selected transactions for L. Takemoto, an interior decorating firm, in its first month of business, are as follows. Jan. 2 Stockholders invested $15,000 cash in the business in exchange for common stock. Purchased used car for $8,200 cash for use in the business. 9 Purchased supplies on account for $500. Billed customers $1,800 for services performed. Paid $200 cash for advertising. Received $780 cash from customers billed on January 11. 23 Paid creditor $300 cash on balance...
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