Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts. DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $41,000 in cash to start the firm. 4 Purchased office eguipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in fu1l payment. 20 Purchased supplies for $330; paid immediately with Check 1002. 23 Returned damaged s upplies for a cash refund of $75. 30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $1,100 in cash for personal expenses. 30 Issued Check 1004 for $750 to pay the rent for October. 30 Performed services for $3,200 in cash. 30 Paid $340 for monthly telephone bill, Check 1005.

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts.
DATE
TRANSACTIONS
20X1
Sept. 1 Zack Mason invested $41,000 in cash to start the firm.
4 Purchased office equipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 days.
16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in full payment.
20 Purchased supplies for $330; paid immediately with Check 1002.
23 Returned damaged s upplies for a cash refund of $75.
30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823.
30 Withdrew $1,100 in cash for personal expenses.
30 Issued Check 1004 for $750 to pay the rent for October.
30 Performed services for $3,200 in cash.
30 Paid $340 for monthly telephone bill, Check 1005.
Transcribed Image Text:Here are selected transactions of Mason Consulting Service. Post the transactions into the appropriate Ledger accounts. DATE TRANSACTIONS 20X1 Sept. 1 Zack Mason invested $41,000 in cash to start the firm. 4 Purchased office equipment for $4,600 on credit from Den, Inc.; received Invoice 9823, payable in 30 days. 16 Purchased an automobile that will be used to visit clients; issued Check 1001 for $12,600 in full payment. 20 Purchased supplies for $330; paid immediately with Check 1002. 23 Returned damaged s upplies for a cash refund of $75. 30 Issued Check 1003 for $2,750 to Den, Inc., as payment on account for Invoice 9823. 30 Withdrew $1,100 in cash for personal expenses. 30 Issued Check 1004 for $750 to pay the rent for October. 30 Performed services for $3,200 in cash. 30 Paid $340 for monthly telephone bill, Check 1005.
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Ledger accounts are the appropriate T accounts which are used for posting of recorded journal entries. 

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