Make the T-Accounts of the following transaction: JOURNAL ENTRIES Date/# Account Title Debit Credit a. Cash 250,000.00 Supplies 34,000.00 Jai, Capital 284,000.00 To record the investment of Jai b. Office Furniture 4,600.00 Cash 4,600.00 To record purchase of furniture c. Office Furniture 12,000.00 Cash 12,000.00 To record purchsae of furniture d. Utilities Expense 4,500.00 Accounts Payable 4,500.00 To record water expense e. Cash 23,000.00 Service Revenue 23,000.00 To record offering of service f. Accounts Receivable 34,000.00 Service Revenue 34,000.00 To record offering of service g. Accounts Payable 4,500.00 Cash 4,500.00 To record payment of payable h. Jai, Withdrawal 10,000.00 Cash 10,000.00 To record owner's withdrawal 376,600.00 376,600.00
Make the T-Accounts of the following transaction: JOURNAL ENTRIES Date/# Account Title Debit Credit a. Cash 250,000.00 Supplies 34,000.00 Jai, Capital 284,000.00 To record the investment of Jai b. Office Furniture 4,600.00 Cash 4,600.00 To record purchase of furniture c. Office Furniture 12,000.00 Cash 12,000.00 To record purchsae of furniture d. Utilities Expense 4,500.00 Accounts Payable 4,500.00 To record water expense e. Cash 23,000.00 Service Revenue 23,000.00 To record offering of service f. Accounts Receivable 34,000.00 Service Revenue 34,000.00 To record offering of service g. Accounts Payable 4,500.00 Cash 4,500.00 To record payment of payable h. Jai, Withdrawal 10,000.00 Cash 10,000.00 To record owner's withdrawal 376,600.00 376,600.00
Century 21 Accounting Multicolumn Journal
11th Edition
ISBN:9781337679503
Author:Gilbertson
Publisher:Gilbertson
Chapter14: Accounting For Uncollectible Accounts Receivable
Section: Chapter Questions
Problem 2AP
Related questions
Topic Video
Question
Make the T-Accounts of the following transaction:
Date/# | Account Title | Debit | Credit |
a. | Cash | 250,000.00 | |
Supplies | 34,000.00 | ||
Jai, Capital | 284,000.00 | ||
To record the investment of Jai | |||
b. | Office Furniture | 4,600.00 | |
Cash | 4,600.00 | ||
To record purchase of furniture | |||
c. | Office Furniture | 12,000.00 | |
Cash | 12,000.00 | ||
To record purchsae of furniture | |||
d. | Utilities Expense | 4,500.00 | |
Accounts Payable | 4,500.00 | ||
To record water expense | |||
e. | Cash | 23,000.00 | |
Service Revenue | 23,000.00 | ||
To record offering of service | |||
f. | 34,000.00 | ||
Service Revenue | 34,000.00 | ||
To record offering of service | |||
g. | Accounts Payable | 4,500.00 | |
Cash | 4,500.00 | ||
To record payment of payable | |||
h. | Jai, Withdrawal | 10,000.00 | |
Cash | 10,000.00 | ||
To record owner's withdrawal | |||
376,600.00 | 376,600.00 |
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 2 images
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
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Century 21 Accounting Multicolumn Journal
Accounting
ISBN:
9781337679503
Author:
Gilbertson
Publisher:
Cengage
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
College Accounting (Book Only): A Career Approach
Accounting
ISBN:
9781337280570
Author:
Scott, Cathy J.
Publisher:
South-Western College Pub
Cornerstones of Financial Accounting
Accounting
ISBN:
9781337690881
Author:
Jay Rich, Jeff Jones
Publisher:
Cengage Learning
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,