Brief Exercise 2 10 Analyze The Impact Of Transactions On The Accounting Equation Record Transactions And Post Lo2 2 1 (106.49 KiB) Viewed 36 times
Brief Exercise 2-10 Analyze the impact of transactions on the accounting equation, record transactions, and post (LO2-2, 2-3, 2-4, 2-5) [The following information applies to the questions displayed below.) The following transactions occur for the Wolfpack Shoe Company during the month of June: a. Provide services to customers for $26,000 and receive cash. b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to employees for work performed during the month. Brief Exercise 2-10 Part 3 3. Post the transactions to T-accounts. Assume the opening balance in each of the accounts is zero. Cash Service Revenue Beg. Bal. Beg. Bal. (a) End. Bal. 0 End. Bal. 0 Supplies Accounts Payable Beg. Bal. Beg. Bal. End. Bal. End. Bal. 0 Salaries Expense Beg. Bal. Prey Goa I of 10 Score answer
a. Provide services to customers for $26,000 and receive cash. b. Purchase office supplies on account for $16,000. c. Pay $6,200 in salaries to employees for work performed during the month. Brief Exercise 2-10 Part 3 3. Post the transactions to T-accounts. Assume the opening balance in each of the accounts is zero. Cash Service Revenue Beg. Bal. Beg. Bal. (a) End. Bal. 0 End. Bal. 0 Supplies Accounts Payable Beg. Ba Beg. Bal. End. Bal. 0 End. Bal. 0 Salaries Expense Beg. Bal. End. Bal. 0 < Prev Goa 8 of 10 I DI Score answer
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