Show Auemnt HBlury Current Atlempt 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. 5 Purchased equipment for $14.000 paying $4,000 in cash and the balance an 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 Payabie, No. 301 Owner s Capital, and No. 306 Owner's Drawings.
Show Auemnt HBlury Current Atlempt 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. 5 Purchased equipment for $14.000 paying $4,000 in cash and the balance an 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 Payabie, No. 301 Owner s Capital, and No. 306 Owner's Drawings.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Cash
No. 101
Date
Explanation Ret
Debit
Credit
Balance
1
1
Equipment
No. 157
Date
Explanation Ref
Debit
Credit
Balance
Accounts Payable
No. 201
Date
Explanation Ref
Debit
Credit
Balance
71
Owner's Capital
No. 301
Date
Explanation Ref
Debit
Credit
Balance
JL
Owner's Drawings
No. 306
Date
Explanation Ref
Debit
Credit
Balance
J1
Transcribed Image Text:Show Auempt History
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 im cash and the balance on ac Count.
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. 301 Owner's Capital, and No. 306
Owner's Drawings.
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