Question

Font Paragraplh The following schedule reflects the first month's transactions of the Dyer Company Cash AcctRecen_?Supplies Equip Accts Payable Com Stock Ret Earnings A +10,000 +10,000 ?. -5,000 +5,000 +200 +200 +3,000 +3,000 E. +1,000+1,500 +2,500 F 200 200 G. 2,000 2,000 H. +1,500 1,500 Provide a complete and detailed descri points)- . expenses, and dividends. The first item (Item A) is shown below as an example of how you should respond. (7 ption for each transaction Recall that retained earnings includes revenue, Item A Company received cash as a result of issuing shares of stock or owner invested $10,000 cash to the company in exchange for stock Chapter 1 ACC211CHIA-Wo

Answer 1

Answer

Transaction	Description
A	[already given as HINT]
B	Company purchased Equipment of $ 5,000 and paid cash for the same.
C	Company purchased Supplies worth $ 200 on account.
D	Company billed $ 3000 for services rendered or Sales made on account.
E	Company provided services (or sold merchandise) for $ 2500, receiving $1,000 in cash, and rest is on account.
F	Company paid $200 for the Supplies purchased on account.
G	Company paid expense of $2000 in cash.
H	Company received $ 1,500 in cash from customers that were billed on account.