Parrish 2-2 Posting Accounts Please put these transaction in rigth category. Assets Liaibilities or Equity? Tracy wrote a check out of her personal account to start her business for $3000 2) Her company bought a computer. The company paid $400 down and agreed to pay the remaining $1000 balance in 30 days 3) Company bout equipment for $2000 cash 4) Companyh obtained bank loan for $5000. They must repay the loan plus %5 interest 5) Company bought t-shirts for $1000 and agreed to pay the balance in 30 days 6) Company bought supplies for $300 y sold shirts to walk in customers for $500 cash 8) Company received first big order . Mr. Jackson ordered $1200 worth of shirts for his company's employees. Jackson paid $400 when he picked up the shirts and will pay the remaining $800 in 30 days. 9) Company paid rent $700 10) Company paid phone bill of $200 11) paid employees $500 12) Company had an unpaid electric bill at end of motth for $100
Parrish 2-2 Posting Accounts
Please put these transaction in rigth category. Assets Liaibilities or Equity?
Tracy wrote a check out of her personal account to start her business for $3000
2) Her company bought a computer. The company paid $400 down and agreed to pay the remaining $1000 balance in 30 days
3) Company bout equipment for $2000 cash
4) Companyh obtained bank loan for $5000. They must repay the loan plus %5 interest
5) Company bought t-shirts for $1000 and agreed to pay the balance in 30 days
6) Company bought supplies for $300 y sold shirts to walk in customers for $500 cash
8) Company received first big order . Mr. Jackson ordered $1200 worth of shirts for his company's employees. Jackson paid $400 when he picked up the shirts and will pay the remaining $800 in 30 days.
9) Company paid rent $700
10) Company paid phone bill of $200
11) paid employees $500
12) Company had an unpaid electric bill at end of motth for $100
Step by step
Solved in 2 steps with 1 images
