Enter the transactions below, using the Chart of Accounts. TRANSACTIONS: (July) July 17 Paid $3,000 cash for computer equipment, check 164 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24 25 Paid $4,000 for rent, check 166. 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27. 29 Paid $500 for an employee salary, check 167.
Enter the transactions below, using the Chart of Accounts. TRANSACTIONS: (July) July 17 Paid $3,000 cash for computer equipment, check 164 18 Cash sales for 50 hats, $500.00, cash register summary tape 18. 22 Sarah Smith withdrew $10,000.00 from the business, check 165. 23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23. 24 Received $300 cash on account from Caps Inc., receipt 24 25 Paid $4,000 for rent, check 166. 27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27. 29 Paid $500 for an employee salary, check 167.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Directions: Enter the transactions below, using the Chart of Accounts.
TRANSACTIONS:
(July)
July 17 Paid $3,000 cash for computer equipment, check 164
18 Cash sales for 50 hats, $500.00, cash register summary tape 18.
22 Sarah Smith withdrew $10,000.00 from the business, check 165.
23 Received $2,000 cash on account from Kinston Rec. Dept., receipt 23.
24 Received $300 cash on account from Caps Inc., receipt 24
25 Paid $4,000 for rent, check 166.
27 Joe Smith deposited $5,000.00 of his own cash into his owner's equity account, receipt 27.
29 Paid $500 for an employee salary, check 167.
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