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Check my work Derrick Wells decided to start a dental practice. The first five transactions for...
Apply: Exercise 6 Saved Derrick Wells decided to start a dental practice. The first five transact...
Apply: Exercise 6 Saved Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick Invested $83,000 cash In the business 2 Pald $23,000 In cash for equlpment. 3. Performed services for cash amounting to $8,300 4. Pald $3,100 In cash for advertising expense. 5. Pald $2,300 In cash for supplies. 1.2 points Skipped (1) Select which two accounts are affected In each of the above transactions. (2&3) Post the above transactions Into...
Derrick Wells decided to start a dental practice. The first five transactions for the business follow....
Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick invested $73,000 cash in the business. 2. Paid $13,000 in cash for equipment. 3. Performed services for cash amounting to $7,300 4. Paid $2,100 in cash for advertising expense 5. Paid $1,300 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. (2&3) Post the above transactions into the appropriate T accounts. Complete this question...
Derrick Wells decided to start a dental practice. The first five transactions for the business follow. ...
Derrick Wells decided to start a dental practice. The first five transactions for the business follow. Derrick invested $81,000 cash in the business. Paid $21,000 in cash for equipment. Performed services for cash amounting to $8,100. Paid $2,900 in cash for advertising expense. Paid $2,100 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. (2&3) Post the above transactions into the appropriate T accounts. Post the above transactions into the appropriate T...
Not sure if the first requirement of the problem is correct. Exercise 3.2 Using T accounts...
Not sure if the first requirement of the problem is
correct.
Exercise 3.2 Using T accounts to analyze transactions. LO 3-2 Derrick Wells decided to start a dental practice. The first five transactions for the business follovw 1. Derrick invested $85,000 cash in the business. 2. Paid $25,000 in cash for equipment. 3. Performed services for cash amounting to $8,500 4. Paid $3,300 in cash for advertising expense. 5. Paid $2.500 in cash for supplies () Select which two accounts...
Denise Carswell decided to start a dental practice. The first five transactions for the business follow....
Denise Carswell decided to start a dental practice. The first five transactions for the business follow. 1. Denise invested $86,000 cash in the business. 2. Paid $26,000 in cash for equipment. 3. Performed services for cash amounting to $8,600. 4. Paid $3,400 in cash for advertising expense. 5. Paid $2,600 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. Debit Credit Transactions Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 51...
"Using T accounts to analyze transactions." Exercise 3.2. Denise Carswell decided to start a dental practice. The first...
"Using T accounts to analyze transactions." Exercise 3.2. Denise Carswell decided to start a dental practice. The first five transactions for the business follow. For each transaction, (1) determine which two account are affected, (2) set up T accounts for the affected accounts, and (3) enter the debit and credit amounts in the T accounts. 1. Denise invested $90,000 cash in the business. 2. Paid $30,000 in cash for equipment. 3. Performed services for cash amount to...
Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 9,300 9,300 2. Supplies...
Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 9,300 9,300 2. Supplies Accounts Payable 1,350 1,350 3. Cash Accounts Receivable 8,300 0 8,300 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 1,800 1,800 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $1,500; Accounts Receivable, $2,300; Supplies, $210; Accounts Payable, $1,600; Deferred...
Required Information The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a...
Required Information The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017 follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. Additional Information...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
all the information is all the same from the first picture. P2, P3, P4, PO [The...
all the information is all the same from the first
picture.
P2, P3, P4, PO [The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items...
Apply: Exercise 6 Saved Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick Invested $83,000 cash In the business 2 Pald $23,000 In cash for equlpment. 3. Performed services for cash amounting to $8,300 4. Pald $3,100 In cash for advertising expense. 5. Pald $2,300 In cash for supplies. 1.2 points Skipped (1) Select which two accounts are affected In each of the above transactions. (2&3) Post the above transactions Into...
Derrick Wells decided to start a dental practice. The first five transactions for the business follow. 1. Derrick invested $73,000 cash in the business. 2. Paid $13,000 in cash for equipment. 3. Performed services for cash amounting to $7,300 4. Paid $2,100 in cash for advertising expense 5. Paid $1,300 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. (2&3) Post the above transactions into the appropriate T accounts. Complete this question...
Not sure if the first requirement of the problem is
correct.
Exercise 3.2 Using T accounts to analyze transactions. LO 3-2 Derrick Wells decided to start a dental practice. The first five transactions for the business follovw 1. Derrick invested $85,000 cash in the business. 2. Paid $25,000 in cash for equipment. 3. Performed services for cash amounting to $8,500 4. Paid $3,300 in cash for advertising expense. 5. Paid $2.500 in cash for supplies () Select which two accounts...
Denise Carswell decided to start a dental practice. The first five transactions for the business follow. 1. Denise invested $86,000 cash in the business. 2. Paid $26,000 in cash for equipment. 3. Performed services for cash amounting to $8,600. 4. Paid $3,400 in cash for advertising expense. 5. Paid $2,600 in cash for supplies. (1) Select which two accounts are affected in each of the above transactions. Debit Credit Transactions Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 51...
Consider the recorded transactions below. Credit 1. Accounts Receivable Service Revenue Debit 9,300 9,300 2. Supplies Accounts Payable 1,350 1,350 3. Cash Accounts Receivable 8,300 0 8,300 4. Advertising Expense Cash 1,000 1,000 5. Accounts Payable Cash 1,800 1,800 6. Cash Deferred Revenue 1,100 1,100 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $1,500; Accounts Receivable, $2,300; Supplies, $210; Accounts Payable, $1,600; Deferred...
Required Information The following information applies to the questions displayed below.] Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. Its unadjusted trial balance as of December 31, 2017 follows. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Descriptions of items a through h that require adjusting entries on December 31, 2017, follow. Additional Information...
Exercise 2-15A Post transactions to T-accounts (LO2-5) Consider the recorded transactions below. 1. Accounts Receivable Service Revenue Debit Credit 8,800 8,800 2. Supplies Accounts Payable 1,600 1,600 8,800 3. Cash Accounts Receivable 8,800 1,100 Advertising 4. Expense Cash 1,100 5. Accounts Payable Cash 2,300 2,300 1,200 6. Cash Deferred Revenue 1,200 Required: Post each transaction to T-accounts and compute the ending balance of each account. The beginning balance of each account before the transactions is: Cash, $2,000; Accounts Receivable, $2,800;...
all the information is all the same from the first
picture.
P2, P3, P4, PO [The following information applies to the questions displayed below.) Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to the school. WTI also offers training to groups in off-site locations. WTI initially records prepaid expenses and unearned revenues in balance sheet accounts. Its unadjusted trial balance as of December 31 follows along with descriptions of items...
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