Question

I need help with 21 -27

Use the following to answer questions 21– 27 LIABILITIES & INCOME STATEMENT ASSETS STOCKHOLDERS' EQUITY F. Accounts Payable G. Salaries Payable ACCOUNTS A. Cash K. Service Revenue L. Advertising expense B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment H. Deferred revenue M. Rent Expense N. Salaries/Wage expense O. Utilities expense I. Notes Payable J. Retained Earnings February 1st transaction is completed as an example: Only include the letter of the account not the account name. Transaction Date AMOUNT Paid an Accounts Payable $1,000 February 01 (ex) Paid employees for work performed in January February 2 8,000 February 7 Customers paid their January invoices 100,000 Recorded and paid mid month salaries February 14 February 15 46,000 Used advertising that was paid for in January 25,000 February 28 Invoiced customers for work done this month 115,000 Received cash in advance from customers February 28 2,000 Debit Credit Date Account Account payable (L-) Cash (A-) 1,000 FEB 1 ex 1,000 Feb 2 21. Feb 7 22. Feb 14 23. Feb 15 24. Feb 28 25. Feb 28 26. Cash If January 31st cash was $10,000, what is the cash balance at the end of the day on 2/28? (Make sure to include the Feb 1 example). $. 27.

Answer 1

Ans
No.	Date	Account	Debit	Credit
EX	February 1	F	1000
		A		1000
21	February 2	G	8000
		A		8000
22	February 7	A	100000
		B		100000
23	February 14	N	46000
		A		46000
24	February 15	L	25000
		D		25000
25	February 28	B	115000
		K		115000
26	February 28	A	2000
		H		2000
27
CASH
Date	Name	Amt	Date	Name	Amt
January 31	Beg Bal.	10,000	February 1	F	1000
February 7	B	1,00,000	February 2	G	8000
February 28	H	2,000	February 14	N	46000
			End Bal.		57000
	Total	1,12,000		Total	1,12,000