A. The following T accounts contain number entries of Arlene Samson, Architect, for the month of October. She designs houses and prepares blueprints for a fee. Describe the numbered transactions that took place. Cash Notes Payable 1) 6) 50,000 3) 20,000 3) 20,000 20,000 5) 1,500 9) 30,000 7) 25,000 Accounts Receivable Samson, Capital 4) 60,000 9) 30,000 1) 50,000 6) 80,000 Professional Fees Architectural Supplies 8) 2,000 60,000 100,000 2) 3,000 6) Architectural Equipment Utilities Expense 7) 25,000 3) 40,000 Accounts Payable 2) Supplies Expense 2,000 3,000 8) 5) 1,500
A. The following T accounts contain number entries of Arlene Samson, Architect, for the month of October. She designs houses and prepares blueprints for a fee. Describe the numbered transactions that took place. Cash Notes Payable 1) 6) 50,000 3) 20,000 3) 20,000 20,000 5) 1,500 9) 30,000 7) 25,000 Accounts Receivable Samson, Capital 4) 60,000 9) 30,000 1) 50,000 6) 80,000 Professional Fees Architectural Supplies 8) 2,000 60,000 100,000 2) 3,000 6) Architectural Equipment Utilities Expense 7) 25,000 3) 40,000 Accounts Payable 2) Supplies Expense 2,000 3,000 8) 5) 1,500
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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In this problem, i need a construction of transaction here for numbers 1-9
Transcribed Image Text:A. The following T accounts contain number entries of Arlene Samson, Architect, for the month
of October. She designs houses and prepares blueprints for a fee. Describe the numbered
transactions that took place.
Cash
Notes Payable
1)
6)
50,000
3)
20,000
3)
20,000
20,000 5)
1,500
9)
30,000
7)
25,000
Accounts Receivable
Samson, Capital
4)
60,000
9)
30,000
1)
50,000
6)
80,000
Professional Fees
Architectural Supplies
8)
2,000
60,000
100,000
2)
3,000
6)
Architectural Equipment
Utilities Expense
7)
25,000
3)
40,000
Accounts Payable
2)
Supplies Expense
2,000
3,000
8)
5)
1,500
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