cedures (20367) K The chart of accounts for Kelly's Tree Trimming Service is as follows: View the chart of accounts. Kelly's Tree Trimming Service completed the following transactions during the month of October Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at October 31 Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Samo accounts have been provided to show the correct display of the footing and balance lines. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 A 33,000 C 1500 E 2200 D 450 K 300 Bal Bal Calculator Ask my instructor Office Equipment 121 C 1500 Transactions A. Sal Kelly invested $33,000 in the tree trimming service from his personal savings account. B. Bought used trucks on account, $14,000. C. Bought office equipment for cash, $1,500. D. Paid advertising expense, $450 E. Collected cash for tree trimming services rendered, $2,200. F. Paid laborers' salaries, $700.
cedures (20367) K The chart of accounts for Kelly's Tree Trimming Service is as follows: View the chart of accounts. Kelly's Tree Trimming Service completed the following transactions during the month of October Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to the entry.) Foot each T account, and then calculate the accounts' ending balances at October 31 Use the first line below each T account to foot each side of the T accounts which has a value. Use the second line below the T account to enter the account's ending balance. Samo accounts have been provided to show the correct display of the footing and balance lines. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero.) Cash 111 Accounts Receivable 112 A 33,000 C 1500 E 2200 D 450 K 300 Bal Bal Calculator Ask my instructor Office Equipment 121 C 1500 Transactions A. Sal Kelly invested $33,000 in the tree trimming service from his personal savings account. B. Bought used trucks on account, $14,000. C. Bought office equipment for cash, $1,500. D. Paid advertising expense, $450 E. Collected cash for tree trimming services rendered, $2,200. F. Paid laborers' salaries, $700.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Transcribed Image Text:cedures (20367)
K
The chart of accounts for Kelly's Tree Trimming Service is as follows:
View the chart of accounts.
Kelly's Tree Trimming Service completed the following transactions during the month of October
Requirements 1. and 2. The T accounts in the ledger have been set up for you. Record transactions in the T accounts. (Place the letter of the transaction next to
the entry.) Foot each T account, and then calculate the accounts' ending balances at October 31 Use the first line below each T account to foot each side of the T
accounts which has a value. Use the second line below the T account to enter the account's ending balance. Samo accounts have been provided to show the
correct display of the footing and balance lines. If an input field is not used in the table, leave the field empty; do not select a label or enter a zero.)
Cash 111
Accounts Receivable 112
A
33,000 C
1500
E
2200 D
450
K
300
Bal
Bal
Calculator
Ask my instructor
Office Equipment 121
C
1500
Transactions
A.
Sal Kelly invested $33,000 in the tree trimming service from his personal savings
account.
B.
Bought used trucks on account, $14,000.
C.
Bought office equipment for cash, $1,500.
D.
Paid advertising expense, $450
E.
Collected cash for tree trimming services rendered, $2,200.
F.
Paid laborers' salaries, $700.
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