Parrish 2-2 Pg 32 Please solve the following. Put the following transactions in either the Asset, Liability or RE category 1) Tracy wrote check from personal account for her business of $400 to begin business 2) Bought a computer. Company paid $400 down and agreed to pay the remaining $1000 balance in 30 days 3) Bought $2000 cash for equipment 4) Obtained loan for $5000 must repay loan plus 5% interest in 6 months 5) Bought t-shirts for $1000 and agreed to pay balance in 30 days 6) Bought supplies for $300 cash 7) Sold Shirts to walk in customers for $500 cash 8) Received first big order Kwane Jackson ordered $1200 worth of shirts. Jackson paid $400 when he picked up the shirts. and will pay the remaining $8000in 30 days 9) She paid rent for $700 10) Paid phone bill in $2000 11) Paid employs $500. 12) Tracy had an unpaid electric bill at end of month $100
Parrish 2-2 Pg 32
Please solve the following. Put the following transactions in either the Asset, Liability or RE category
1) Tracy wrote check from personal account for her business of $400 to begin business
2) Bought a computer. Company paid $400 down and agreed to pay the remaining $1000 balance in 30 days
3) Bought $2000 cash for equipment
4) Obtained loan for $5000 must repay loan plus 5% interest in 6 months
5) Bought t-shirts for $1000 and agreed to pay balance in 30 days
6) Bought supplies for $300 cash
7) Sold Shirts to walk in customers for $500 cash
8) Received first big order Kwane Jackson ordered $1200 worth of shirts. Jackson paid $400 when he picked up the shirts. and will pay the remaining $8000in 30 days
9) She paid rent for $700
10) Paid phone bill in $2000
11) Paid employs $500.
12) Tracy had an unpaid electric bill at end of month $100
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