Instructions: Prepare T accounts for each account. Analyze transactions into debit and credit parts. Write the amounts in the proper T account to show how each transaction changes account balances. Write the date of the transaction in parentheses before each amount Cash Joan Weber, Drawing Accounts Receivable-Central Properties Sales Advertising Expense Miscellaneous Expense Accounts Receivable-Clifton Care Center Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Rent Expense Repair Expense Utilities Expense Joan Weber, Capital 1: Joan Weber invested $8,000.00 cash in the business. 2: Bought supplies and paid $120.00 cash. 3: Paid cash for rent, $400.00 June 4: Sold services for cash, $800.00 5: Had mower repaired for $50.00 cash. 8: Performed $500.00 of services for Central Properties on account. 9: Bought supplies from Huff Supplies for $1,000.00 on account. | 10. Paid insurance bill, $200.00 cash. 11. Joan Weber invested an additional $1,000.00 in the business 12. Received $600.00 cash from sales. 13. Bought supplies on account from Davis Office Supplies, $100.00 14. Central Properties paid $250.00 on account. 15. Paid $10.00 for a miscellaneous expense. | 16. Paid Huff Supplies $100.00 on account 22. Paid the electric bill, $70.00 23. Ran an ad in the paper for $60.00 25. Sold services on account to Clifton Care Center, $400.00 26. Joan Weber withdrew $1,200.00 for her personal use. 30. Received cash on account from Clifton Care Center, $200.00
Instructions: Prepare T accounts for each account. Analyze transactions into debit and credit parts. Write the amounts in the proper T account to show how each transaction changes account balances. Write the date of the transaction in parentheses before each amount Cash Joan Weber, Drawing Accounts Receivable-Central Properties Sales Advertising Expense Miscellaneous Expense Accounts Receivable-Clifton Care Center Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Rent Expense Repair Expense Utilities Expense Joan Weber, Capital 1: Joan Weber invested $8,000.00 cash in the business. 2: Bought supplies and paid $120.00 cash. 3: Paid cash for rent, $400.00 June 4: Sold services for cash, $800.00 5: Had mower repaired for $50.00 cash. 8: Performed $500.00 of services for Central Properties on account. 9: Bought supplies from Huff Supplies for $1,000.00 on account. | 10. Paid insurance bill, $200.00 cash. 11. Joan Weber invested an additional $1,000.00 in the business 12. Received $600.00 cash from sales. 13. Bought supplies on account from Davis Office Supplies, $100.00 14. Central Properties paid $250.00 on account. 15. Paid $10.00 for a miscellaneous expense. | 16. Paid Huff Supplies $100.00 on account 22. Paid the electric bill, $70.00 23. Ran an ad in the paper for $60.00 25. Sold services on account to Clifton Care Center, $400.00 26. Joan Weber withdrew $1,200.00 for her personal use. 30. Received cash on account from Clifton Care Center, $200.00
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Topic Video
Question
![Instructions:
Prepare T accounts for each account.
Analyze transactions into debit and credit parts. Write the amounts in the proper T account to show how each
transaction changes account balances. Write the date of the transaction in parentheses before each amount
Cash
Joan Weber, Drawing
Accounts Receivable-Central Properties
Sales
Accounts Receivable-Clifton Care Center
Advertising Expense
Miscellaneous Expense
Rent Expense
Supplies
Prepaid Insurance
Accounts Payable-Davis Office Supplies
Accounts Payable-Huff Supplies
Repair Expense
Utilities Expense
Joan Weber, Capital
June
1: Joan Weber invested $8,000.00 cash in the business.
2: Bought supplies and paid $120.00 cash.
3: Paid cash for rent, $400.00
4: Sold services for cash, $800.00
5: Had mower repaired for $50.00 cash.
8: Performed $500.00 of services for Central Properties on account.
9: Bought supplies from Huff Supplies for $1,000.00 on account.
10. Paid insurance bill, $200.00 cash.
11. Joan Weber invested an additional $1,000.00 in the business
12. Received $600.00 cash from sales.
13. Bought supplies on account from Davis Office Supplies, $100.00
14. Central Properties paid $250.00 on account.
15. Paid $10.00 for a miscellaneous expense.
16. Paid Huff Supplies $100.00 on account
22. Paid the electric bill, $70.00
23. Ran an ad in the paper for $60.00
25. Sold services on account to Clifton Care Center, $400.00
26. Joan Weber withdrew $1,200.00 for her personal use.
30. Received cash on account from Clifton Care Center, $200.00](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F436b1a0a-f47a-4b60-b1e6-0b0a8925f01a%2F35faaacd-0817-4774-8a4a-ee2fd40d048d%2F19vr3j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Instructions:
Prepare T accounts for each account.
Analyze transactions into debit and credit parts. Write the amounts in the proper T account to show how each
transaction changes account balances. Write the date of the transaction in parentheses before each amount
Cash
Joan Weber, Drawing
Accounts Receivable-Central Properties
Sales
Accounts Receivable-Clifton Care Center
Advertising Expense
Miscellaneous Expense
Rent Expense
Supplies
Prepaid Insurance
Accounts Payable-Davis Office Supplies
Accounts Payable-Huff Supplies
Repair Expense
Utilities Expense
Joan Weber, Capital
June
1: Joan Weber invested $8,000.00 cash in the business.
2: Bought supplies and paid $120.00 cash.
3: Paid cash for rent, $400.00
4: Sold services for cash, $800.00
5: Had mower repaired for $50.00 cash.
8: Performed $500.00 of services for Central Properties on account.
9: Bought supplies from Huff Supplies for $1,000.00 on account.
10. Paid insurance bill, $200.00 cash.
11. Joan Weber invested an additional $1,000.00 in the business
12. Received $600.00 cash from sales.
13. Bought supplies on account from Davis Office Supplies, $100.00
14. Central Properties paid $250.00 on account.
15. Paid $10.00 for a miscellaneous expense.
16. Paid Huff Supplies $100.00 on account
22. Paid the electric bill, $70.00
23. Ran an ad in the paper for $60.00
25. Sold services on account to Clifton Care Center, $400.00
26. Joan Weber withdrew $1,200.00 for her personal use.
30. Received cash on account from Clifton Care Center, $200.00
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education