The Haper Center company presents a statement of initial situation with cash of $ 26,000, accounts receivable $ 4,500, acco
The Haper Center company presents a statement of initial situation with cash of $ 26,000, accounts receivable $ 4,500, accounts payable $ 2,000, capital stock $ 28,500.
P. 18
During the month of March, the company carried out the following transactions:
He borrowed $ 45,000 from the bank and signed a promissory note in the name of the business.
He paid $ 40,000 in cash to purchase a piece of land.
He performed a service for a customer and received $ 5,000 in cash.
Bought supplies on credit, $ 300.
Performed a service for a client and obtained a credit income, $ 2,600
He paid $ 1,200 on a credit operation.
He paid the following out-of-pocket expenses: salary $ 3.00, rent $ 1,500, and interest $ 400.
He received $ 3,100 from a credit operation.
He received a $ 200 utility bill, to be paid the following week.
The owner withdrew $ 1,800
Is required:
Make the journal
Register the accounts in T accounts
Perform
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 4 images
