the company have cash of $12,351, Accounts Receivable of $18,431, Accounts Payable of $4,124, and G. Crane, Capital of $26,658. During the month of March, the following transactions occurred. 1. Purchased equipment for $24,234 from Digital Equipment. Paid $5,634 cash and signed a note payable for the balance. 2. Received $12,469 from customers for contracts billed in February. 3. Paid $3,138 for March rent of office space. 4. Paid $2,315 of the amounts owing to suppliers at the beginning of March. 5. Provided software services to Kwon Construction Company for $7,147 cash. 6. Paid BC Hydro $ 1,064 for energy used in March. 7. G. Crane withdrew $4,853 cash from the business. B. Paid Digital Equipment $1.953 on account of the note payable issued for the equipment purchased in transaction 1. Of this, $93 was for interest expense. 9 Hired an erployee to start working in April. 10. Incurred advertising expense on account for March, $1,705. Prepare a tabular analysis of the above transactions. The first row contains the amounts the company had at the beginning of March. (Ifa transaction causes a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parenthesis) in front of the amount entered for theparticular Asset, Liability or Equity item that was reduced.)
the company have cash of $12,351,
$4,124, and G. Crane, Capital of $26,658. During the month of March, the following transactions occurred.
1.
Purchased equipment for $24,234 from Digital Equipment. Paid $5,634 cash and signed a note payable for the balance.
2.
Received $12,469 from customers for contracts billed in February.
3.
Paid $3,138 for March rent of office space.
4.
Paid $2,315 of the amounts owing to suppliers at the beginning of March.
5.
Provided software services to Kwon Construction Company for $7,147 cash.
6.
Paid BC Hydro $ 1,064 for energy used in March.
7.
G. Crane withdrew $4,853 cash from the business.
B.
Paid Digital Equipment $1.953 on account of the note payable issued for the equipment purchased in transaction 1. Of this,
$93 was for interest expense.
9 Hired an erployee to start working in April.
10. Incurred advertising expense on account for March, $1,705.
Prepare a tabular analysis of the above transactions. The first row contains the amounts the company had at the beginning of March. (Ifa
transaction causes a decrease in Assets, Liabilities or Owner's Equity, place a negative sign (or parenthesis) in front of the amount entered for theparticular Asset, Liability or Equity item that was reduced.)
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