I need to know are Debited or Credited AND to what accounts- Assets, Liabilities, and Equity1) Shareholders invest $5000 cash to begin business2) Company bought a copy machine for $1500 cash3) Company sold copies to customer for $500 cash4) Company produced copies for customer. The total sale amount was $1200. Company agreed to bill customer for the sale at the end of the month5) Company paid employees $6006) Company bought supplies for $3007) Company paid rent $7008) Company paid utilities $2009) Company bought office furniture for $50010) Company had an unpaid phone bill at month end for $100
I need to know are Debited or Credited AND to what accounts- Assets, Liabilities, and Equity1) Shareholders invest $5000 cash to begin business2) Company bought a copy machine for $1500 cash3) Company sold copies to customer for $500 cash4) Company produced copies for customer. The total sale amount was $1200. Company agreed to bill customer for the sale at the end of the month5) Company paid employees $6006) Company bought supplies for $3007) Company paid rent $7008) Company paid utilities $2009) Company bought office furniture for $50010) Company had an unpaid phone bill at month end for $100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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I need to know are Debited or Credited AND to what accounts- Assets, Liabilities, and Equity
1) Shareholders invest $5000 cash to begin business
2) Company bought a copy machine for $1500 cash
3) Company sold copies to customer for $500 cash
4) Company produced copies for customer. The total sale amount was $1200. Company agreed to bill customer for the sale at the end of the month
5) Company paid employees $600
6) Company bought supplies for $300
7) Company paid rent $700
8) Company paid utilities $200
9) Company bought office furniture for $500
10) Company had an unpaid phone bill at month end for $100
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