Show Attemptistory Current Attempt in Progress. Selected transactions for Bonnie Donne Company during its first month in business are as follows. Sept. 1 Invested $10.000 cash in the business. Purchased equipment for $14.000 paying $4,000 in cash and the balance on account. 25 Pald $3,000 cash on balance owed for equipment. 30 Withdrew $900 cash for personal use. Donne's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable. No. 301 Owner's Capital and N Owner's Drawings.
Show Attemptistory Current Attempt in Progress. Selected transactions for Bonnie Donne Company during its first month in business are as follows. Sept. 1 Invested $10.000 cash in the business. Purchased equipment for $14.000 paying $4,000 in cash and the balance on account. 25 Pald $3,000 cash on balance owed for equipment. 30 Withdrew $900 cash for personal use. Donne's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable. No. 301 Owner's Capital and N Owner's Drawings.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Show Attemplsery
Current Altemptin Progress
Selected transactions for Bonnie Donne Company during its first month in business are as follows.
Sept. 1
Invested $10.000 cash in the business.
Purchased equipment for $14,000 paying $4000 in cash and the balance on account.
25
Paid $3,000 cash on balance owed for equipment.
30
Withdrew $900 cash for personal use.
Donne's chart of accounts shows No. 101 Cash, No. 157 Equipment, No. 201 Accounts Payable, No. 301Owmers Capital and No.
Owner's Drawings.
Transcribed Image Text:No. 101
Cash
Date
Explanation Ref
Debit
Credit
Balance
J1
J1
Equipment
No. 157
Date
Explanation Ref
Debit
Credit
Balance
Accounts Payable
No. 201
Explanation Ref
Debit
Credit
Balance
Date
11
No. 301
Owner's Capital
Explanation Ref
Debit
Credit
Balance
Date
No. 306
Owner's Drawings
Explanation Ret
Debit
Credit
Balance
Date
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