The following transactions were completed during the month April .Invested $15,000 cash to start the agency.1 .Paid $600 cash for April office rent .2 .Purchased office equipment for $3,000 cash .3 Incurred $700 of advertising costs in the Chicago, .4 .on account .Paid $800 cash for office supplies.5 Earned $11,000 for services rendered: $3,000 cash.6 is received from customers, and the balance of $8,000 .is billed to customers on account .Withdrew $500 cash for personal use.7 .Paid Chicago amount due in transaction (4).8 .Paid employees' salaries $2,200.9 Received $4,000 in cash from customers who have .10 .previously been billed in transaction (6) Instructions (a) Prepare a tabular analysis of the transactions N "T S 7 9 10 total Assets +office Cash+A\R supplies equipment Liabilities Owner Equity drawing revenues AP+capital expenses

The following transactions were completed during the month April .Invested $15,000 cash to start the agency.1 .Paid $600 cash for April office rent .2 .Purchased office equipment for $3,000 cash .3 Incurred $700 of advertising costs in the Chicago, .4 .on account .Paid $800 cash for office supplies.5 Earned $11,000 for services rendered: $3,000 cash.6 is received from customers, and the balance of $8,000 .is billed to customers on account .Withdrew $500 cash for personal use.7 .Paid Chicago amount due in transaction (4).8 .Paid employees' salaries $2,200.9 Received $4,000 in cash from customers who have .10 .previously been billed in transaction (6) Instructions (a) Prepare a tabular analysis of the transactions N "T S 7 9 10 total Assets +office Cash+A\R supplies equipment Liabilities Owner Equity drawing revenues AP+capital expenses

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Description: Student name:Student ID:The following transactions were completed during themonth April.Invested $15,000 cash to start the agency.1.Paid $600 cash for April office rent .2.Purchased office equipment for $3,000 cash.3Incurred $700 of advertising cost

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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