Post The Transactions To T Accounts 1 (43.18 KiB) Viewed 13 times
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Sheffield Security Company provides security services. Selected transactions for Sheffield are as follows. Oct. 1 Invested $60,000 cash in the business. 2 Hired part-time security consultant. Salary will be $2,600 per month. First day of work will be October 15. Paid one month of rent for building for $2,600. 4 Purchased equipment for $17,000, paying $3,000 cash and the balance on account. 8 Paid $600 for advertising. 10 Received bill for equipment repair cost of $340. Provided security services for event for $3,200 on account. Purchased supplies for $400 on account. Paid balance due from October 7 purchase of equipment. Received and paid utility bill for $148. Received payment from customer for October 12 services performed. Paid employee salaries and wages of $5,500. 12 16 21 24 27 31
Post the transactions to T-accounts. (Post entries in the order presented in the problem statement. If ending balance is 0 enter 0 for the normal balance for the account.) Cash Accounts Receivable Supplies
Equipment Accounts Payable Owner's Capital : Service Revenue "
Advertising Expense Salaries And Wages Expense Maintenance & Repairs Expense Rent Expense Utilities Expense
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