(a) Received $12,000 from Katie Long, owner. Purchased equipment for $25,000, paying $10,000 in cash (b) and giving a note payable for the remainder. (c) Paid $1,800 for rent for April (d) Purchased $9,800 of supplies on account. (e) Recorded $2,250 of fees earned on account. (f) Received $9,000 in cash for fees eamed (g) Paid $300 to creditors on account Paid wages of $1,650 (h) Received $1,190 from customers on account. (i) ()Recorded owner's withdrawal of $2,350 Accounts Payable Account: Account No. 21 Balance Post Date Item Ref Debit Credit Debit Credit Notes Payable Account: Account No. 22 Balance Post Date Ref. Debit Credit Debit Credit Item
(a) Received $12,000 from Katie Long, owner. Purchased equipment for $25,000, paying $10,000 in cash (b) and giving a note payable for the remainder. (c) Paid $1,800 for rent for April (d) Purchased $9,800 of supplies on account. (e) Recorded $2,250 of fees earned on account. (f) Received $9,000 in cash for fees eamed (g) Paid $300 to creditors on account Paid wages of $1,650 (h) Received $1,190 from customers on account. (i) ()Recorded owner's withdrawal of $2,350 Accounts Payable Account: Account No. 21 Balance Post Date Item Ref Debit Credit Debit Credit Notes Payable Account: Account No. 22 Balance Post Date Ref. Debit Credit Debit Credit Item
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter5: Sales And Receivables
Section: Chapter Questions
Problem 48BE: Collection of Amounts Previously Written Off Hannah purchased a laptop computer from Perry Corp. for...
Related questions
Question
Transcribed Image Text:(a)
Received $12,000 from Katie Long, owner.
Purchased equipment for $25,000, paying $10,000 in cash
(b) and giving a note payable for the remainder.
(c)
Paid $1,800 for rent for April
(d)
Purchased $9,800 of supplies on account.
(e)
Recorded $2,250 of fees earned on account.
(f)
Received $9,000 in cash for fees eamed
(g)
Paid $300 to creditors on account
Paid wages of $1,650
(h)
Received $1,190 from customers on account.
(i)
()Recorded owner's withdrawal of $2,350
Transcribed Image Text:Accounts Payable
Account:
Account No.
21
Balance
Post
Date
Item
Ref
Debit
Credit
Debit
Credit
Notes Payable
Account:
Account No.
22
Balance
Post
Date
Ref.
Debit
Credit
Debit
Credit
Item
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Recommended textbooks for you
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
Individual Income Taxes
Accounting
ISBN:
9780357109731
Author:
Hoffman
Publisher:
CENGAGE LEARNING - CONSIGNMENT