Analyze The Following Transactions Using The T Account Approach Place The Dollar Amount On The Debit And Credit Sides 1 (65.02 KiB) Viewed 36 times
Analyze The Following Transactions Using The T Account Approach Place The Dollar Amount On The Debit And Credit Sides 2 (37.18 KiB) Viewed 36 times
Analyze the following transactions using the T account approach. Place the dollar amount on the debit and credit sides. After all transactions have been recorded, foot the accounts where necessary and enter the balance in the proper place. 1. Owner invested $15,000 in a business. 2 Owner invested a truck worth $5,000 into the business. 3. Cash received for services rendered for the month was $4,300. 4. Received a bill for $150 for repairs. 5. Purchased a piece of equipment worth $1,500, making a down payment of $250. 6. Owner withdrew $1,400 from the company, Cash Bal. Accounts Payable Bal. Owner's Capital Bal. Truck Equipment Owner's Drawing Repair Expense Revenue
The accounts below all have normal balances. Service Fees $40,650 Accounts Receivable 18,000 3,700 1,400 Rent Expense Utilities Expense Alana, Capital Alana, Drawing Wages Expense Equipment Supplies Accounts Payable Prepaid Insurance Cash 42,100 2,700 18,300 35,000 4,400 10,400 1,600 8,050 Required: Prepare a trial balance for Alana's Florist Shop as of September 30, 20--, If an amount box does not require, leave it blank. Alana's Florist Shop Trial Balance September 30, 20-- Total
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!