Date Accounts title & Explanations Debit S Credit S Sep-01 Cash 20000 Owner's Capital 20000 Sep-02 Rent Expense Cash 1000 1000 Sep-03 Equipment 25000 Cash 10000 Notes Payable 15000 Sep-04 Prepaid Insurance 1200 Cash 1200 Sep-10 Advertising Expense Accounts Payable 200 200 Sep-20 Owner's Drawing 700 Cash 700 Sep-30 Cash 6200 Service Revenue 6200
Date Accounts title & Explanations Debit S Credit S Sep-01 Cash 20000 Owner's Capital 20000 Sep-02 Rent Expense Cash 1000 1000 Sep-03 Equipment 25000 Cash 10000 Notes Payable 15000 Sep-04 Prepaid Insurance 1200 Cash 1200 Sep-10 Advertising Expense Accounts Payable 200 200 Sep-20 Owner's Drawing 700 Cash 700 Sep-30 Cash 6200 Service Revenue 6200
Chapter4: Operating Activities: Sales And Cash Receipts
Section: Chapter Questions
Problem 2.4C
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
Transcribed Image Text:Date
Accounts title & Explanations
Debit S
Credit $
Sep-01 Cash
20000
Owner's Capital
20000
Sep-02 Rent Expense
1000
Cash
1000
Sep-03 Equipment
25000
Cash
10000
Notes Payable
15000
Sep-04 Prepaid Insurance
1200
Cash
1200
Sep-10 Advertising Expense
Accounts Payable
200
200
Sep-20 Owner's Drawing
700
Cash
700
Sep-30 Cash
6200
Service Revenue
6200
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