Parrish 2-2 Posting Transactions to Accounts Please CLEARL state what accounts the following transactions should be recorded in and if they would be DR or CR.1) 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 days3) Company bout equipment for $2000 cash4) Companyh obtained bank loan for $5000. They must repay the loan plus %5 interest5) Company bought t-shirts for $1000 and agreed to pay the balance in 30 days6) Company bought supplies for $300 y sold shirts to walk in customers for $500 cash8) 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 $70010) Company paid phone bill of $20011) paid employees $50012) Company had an unpaid electric bill at end of motth for $100
Parrish 2-2
Please CLEARL state what accounts the following transactions should be recorded in and if they would be DR or CR.
1) 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
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