(13) Post this transaction: Purchased an executive office desk and chair set for $2,700, paying $600 down and owing the balance (14) Post this transaction: Received, but did not yet pay, a water fill from the City of Amarillo, in the amount of $125 (15) Post this transaction: Owner of the business invested her copy machine, worth $3,000, into the business
(13) Post this transaction: Purchased an executive office desk and chair set for $2,700, paying $600 down and owing the balance (14) Post this transaction: Received, but did not yet pay, a water fill from the City of Amarillo, in the amount of $125 (15) Post this transaction: Owner of the business invested her copy machine, worth $3,000, into the business
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Hello, can you help me with questions 13,14 and 15 please, thanks!
![(3) How are items posted in the general ledger?
(4) What are the required elements of a trial balance?
(5) What are the required elements of an income statement?
(6) What is included on a balance sheet?
(7) What is the purpose of the statement of owner's equity?
(8) Post this transaction: Received cash on account from credit
clients, $330
(9) Post this transaction: Paid a personal dental bill using the
firm's bank account, $200
(10)Post this transaction: Paid $225 to have advertising leaflets
printed
(11) Post this transaction: Purchased land for $6,000 as future
building site, paying $1,000 down and giving a note payable
due in two years for the difference
(12) Post this transaction: Purchased medical equipment on
account, $5205
(13) Post this transaction: Purchased an executive office desk
and chair set for $2,700, paying $600 down and owing the
balance
(14) Post this transaction: Received, but did not yet pay, a water
fill from the City of Amarillo, in the amount of $125
(15) Post this transaction: Owner of the business invested her
copy machine, worth $3,000, into the business](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa2c340c1-8eb7-4e4e-8aa4-3df5629d579a%2F410452ca-d932-4d49-add5-3d7447adcc35%2Fugxg56_processed.jpeg&w=3840&q=75)
Transcribed Image Text:(3) How are items posted in the general ledger?
(4) What are the required elements of a trial balance?
(5) What are the required elements of an income statement?
(6) What is included on a balance sheet?
(7) What is the purpose of the statement of owner's equity?
(8) Post this transaction: Received cash on account from credit
clients, $330
(9) Post this transaction: Paid a personal dental bill using the
firm's bank account, $200
(10)Post this transaction: Paid $225 to have advertising leaflets
printed
(11) Post this transaction: Purchased land for $6,000 as future
building site, paying $1,000 down and giving a note payable
due in two years for the difference
(12) Post this transaction: Purchased medical equipment on
account, $5205
(13) Post this transaction: Purchased an executive office desk
and chair set for $2,700, paying $600 down and owing the
balance
(14) Post this transaction: Received, but did not yet pay, a water
fill from the City of Amarillo, in the amount of $125
(15) Post this transaction: Owner of the business invested her
copy machine, worth $3,000, into the business
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