Reference no: EM133066695

Question - Analyze each transaction for its effects on the account. Transfer the journal information to the appropriate accounts in the ledger account.

1- October 1, office rent for October is paid in cash $900.00.

2- October 1, office equipment costing $5,000 is purchased by signing a 3-month, 12%, $5,000 note payable.

3- October 1, Bryad Company invest $10,000 cash in advertising venture to be known as the Pioneer Advertising Agency.

4- Bird Company purchases a delivery truck costing $14,000 by paying $8,000 and the balance on account (to be paid later).

5- Opened a bank account in the name of Hair Company and deposited $20,000 of her own money in this account as her initial investment.

6- Invest $20,000 cash in the business.

7- Withdrew $700 cash for personal use.

8- Paid $1,200 for one year accident insurance policy.

9- Purchased washers and dryers for $25,000 paying $10,000 in cash and signing a $15,000, 6-month, 12% note payable.

10- Received $700 Cash from customers billed on January 11.