CASH + ACCTS REC+ SUPPLIES+ 39,100 2,000 2,500 A=L+OE? EQUIPMT 14,000 ACCTS PAY + NOTES PAY + 2,500 14,000 WALL CAP 41,1

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Cash Accts Rec Supplies 39 100 2 000 2 500 A L Oe Equipmt 14 000 Accts Pay Notes Pay 2 500 14 000 Wall Cap 41 1 1 (170.83 KiB) Viewed 64 times

CASH + ACCTS REC+ SUPPLIES+ 39,100 2,000 2,500 A=L+OE? EQUIPMT 14,000 ACCTS PAY + NOTES PAY + 2,500 14,000 WALL CAP 41,100 Remarks (Beginning Balances) = 6. 0. 1. Totals TRUE 39,100 2,000 2,500 14,000 2,500 14,000 41,100 TRUE 2. Totals Consulting Revenue TRUE 39,100 2,000 2,500 14,000 = 2,500 14,000 41,100 TRUE TRUE 3. Totals 1,700 40,800 1,700 Rent Expense 42,800 2,000 2,500 14,000 = 2,500 14,000 TRUE Utilities Expense TRUE 4. Totals 40,800 2,000 2,500 14,000 2,500 14,000 42,800 TRUE 15. Salaries Expense TRUE Totals 40,800 2,000 2,500 14,000 2,500 14,000 42,800 TRUE Owner Withdrawal TRUE 6. Totals 40,800 2,000 2,500 14,000 = 2,500 14,000 42,800 TRUE TRUE 7. Totals 40,800 2,000 2,500 14,000 = 2,500 14,000 42,800 TRUE 8. Totals Supplies Expense TRUE 40,800 2,000 2,500 14,000 = 2,500 14,000 42,800 TRUE TRANSACTIONS: o. Examine row in the table. These are the ending balances from the first Wall Table problem. The second month of transactions are as follows: 1. Wall paid creditors $600 on account. (Use negative numbers to show decreases.) 2. Wall provided consulting services to customers for $8,000 on account. 3. Wall paid rent expense, in cash, of $1,700. 4. Wall paid utilities expense in the amount of $800 in cash. 5. Wall paid $2,500 of salaries expense in cash. 6. Wall withdrew cash in the amount of $1,400 for personal use. 7. Wall received cash on account from customers in the amount of $3,500 8. The supplies remaining at month-end amounted to $1,600. Therefore, supplies used up were $900.