My text book does not explain how to enter transactions but

Reference no: EM13596213

My text book does not explain how to enter transactions, but we are required to do so in this format: Cash + Accounts + Supplies + Equipment= Accounts + Owners'
Receivable Inventory Payable Equity
1. Owners invested 25,000 in cash to start the business. They received common stock.
2. The month's rent of 500.00 was prepaid in cash.
3. Equipment costing 8000.00 was bought on credit.
4. 500.00 was paid for office supplies.
5. Advertising costing 750.00 was paid for with cash.
6. Paid 3000.00 employee salaries in cash.
7. Earned travel commissions of 10,000.00 if which 2000.00 was received in cash.
8. Paid 5000.00 of the 8000.00 owed to the equipment supplier.
9. Used 100.00 of the office supplies
10.Charged 1000.00 of miscellaneous expenses on the corporate creidt card.

Reference no: EM13596213

Questions Cloud

Verify your estimate by calculating the concentration of : at 25 c kc1.61024 for the reaction caosco2gcaco3s. use the value of kc to extimate by calculating the extent of this

The enthalpy change for converting 100 g of ice at -500 : the enthalpy change for converting 10.0 g of ice at -50.0 degc to water at 50.0 degc is kj. the specific heats of ice

Meir zarcus and ross are partners and share income and loss : the following information applies to the questions displayed below.meir zarcus and ross are partners and share income

Aaron company plans to issue a large stock dividend in : aaron company plans to issue a large stock dividend. in accounting for this transaction what effects occur to the

My text book does not explain how to enter transactions but : my text book does not explain how to enter transactions but we are required to do so in this format cash accounts

Overhead is applied on the basis of standard machine hours : dinkel manufacturing corporation accumulates the following data relative to jobs started and finished during the month

A tube containing hydrogen gas is attached to a device : a tube containing hydrogen gas is attached to a device that supplies energy to the atoms. some of the atoms have

Sodium chloride is also formed but is soluble in water why : reaction of aqueous solutions of barium chloride and sodium sulfate results in the formation of a percipitate of barium

Question a book is opened to a random page the product of : question a book is opened to a random page. the product of the facing page numbers is 9312. what is the sum of the

User Account

All Pages