Analyzin Taccounts are given in the Work Plumbing Solutions uses the following accounts. explained in Lesson 2-3. Brian Helfrey, Capital Brian Helfrey, Drawing Cash Accts. Rec.-Theo Moses Supplies Prepaid Insurance Accts. Pay.-Plumbing World Sales Advertising Expense Rent Expense tions
Analyzin Taccounts are given in the Work Plumbing Solutions uses the following accounts. explained in Lesson 2-3. Brian Helfrey, Capital Brian Helfrey, Drawing Cash Accts. Rec.-Theo Moses Supplies Prepaid Insurance Accts. Pay.-Plumbing World Sales Advertising Expense Rent Expense tions
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![On your own 2-2
Analyzing transactions into debit and credit partɔ
explained in Lesson 2-3.
Brian Helfrey, Capital
Brian Helfrey, Drawing
Cash
Accts. Rec.-Theo Moses
Supplies
Prepaid Insurance
Accts. Pay-Plumbing World
Sales
Advertising Expense
Rent Expense
Transactions:
June 2. Received cash from owner as an investment, $3,500.00.
4. Paid cash for insurance, $105.00.
5. Paid cash for supplies, $60.00.
8. Bought supplies on account from Plumbing World, $800.00.
9. Paid cash on account to Plumbing World, $500.00.
1. Prepare two T accounts for each transaction. On each T account, write the
account title of one of the accounts affected by the transaction.
2. Write the debit or credit amount in each Taccount to show the transaction's effect.
ANDICE CUSACK, ISTOCK](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fabeb201f-e369-4132-a372-22f0c4e0bb3b%2F494a7706-ff7b-4f36-8754-8b2d34599ebb%2F3zyb72e_processed.jpeg&w=3840&q=75)
Transcribed Image Text:On your own 2-2
Analyzing transactions into debit and credit partɔ
explained in Lesson 2-3.
Brian Helfrey, Capital
Brian Helfrey, Drawing
Cash
Accts. Rec.-Theo Moses
Supplies
Prepaid Insurance
Accts. Pay-Plumbing World
Sales
Advertising Expense
Rent Expense
Transactions:
June 2. Received cash from owner as an investment, $3,500.00.
4. Paid cash for insurance, $105.00.
5. Paid cash for supplies, $60.00.
8. Bought supplies on account from Plumbing World, $800.00.
9. Paid cash on account to Plumbing World, $500.00.
1. Prepare two T accounts for each transaction. On each T account, write the
account title of one of the accounts affected by the transaction.
2. Write the debit or credit amount in each Taccount to show the transaction's effect.
ANDICE CUSACK, ISTOCK
![* CENGAGE MINDTAP
Working Papers 2-2
Jun. 2
Jun. 4
Jun. 5
Jun. 8
Juin, 9](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fabeb201f-e369-4132-a372-22f0c4e0bb3b%2F494a7706-ff7b-4f36-8754-8b2d34599ebb%2Fqgljv5h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:* CENGAGE MINDTAP
Working Papers 2-2
Jun. 2
Jun. 4
Jun. 5
Jun. 8
Juin, 9
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