Transactions and T Accounts The following selected transactions were completed during August of the current year: Billed customers for fees earned, $62,750. Purchased supplies on account, $2,700. Received cash from customers on account, $58,990. Paid creditors on account, $1,630. a.  Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions. If an amount box does not require an entry, leave it blank. (1)   fill in the blank b7d701fb8004fee_2 fill in the blank b7d701fb8004fee_3     fill in the blank b7d701fb8004fee_5 fill in the blank b7d701fb8004fee_6 (2)   fill in the blank b7d701fb8004fee_8 fill in the blank b7d701fb8004fee_9     fill in the blank b7d701fb8004fee_11 fill in the blank b7d701fb8004fee_12 (3)   fill in the blank b7d701fb8004fee_14 fill in the blank b7d701fb8004fee_15     fill in the blank b7d701fb8004fee_17 fill in the blank b7d701fb8004fee_18 (4)   fill in the blank b7d701fb8004fee_20 fill in the blank b7d701fb8004fee_21     fill in the blank b7d701fb8004fee_23 fill in the blank b7d701fb8004fee_24 b.   Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate number to identify the transactions. Cash   fill in the blank 2099b0feffa5003_2   fill in the blank 2099b0feffa5003_4 Supplies   fill in the blank 2099b0feffa5003_6     Accounts Receivable   fill in the blank 2099b0feffa5003_8   fill in the blank 2099b0feffa5003_10 Accounts Payable   fill in the blank 2099b0feffa5003_12   fill in the blank 2099b0feffa5003_14 Fees Earned       fill in the blank 2099b0feffa5003_16

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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Transactions and T Accounts

The following selected transactions were completed during August of the current year:

  1. Billed customers for fees earned, $62,750.
  2. Purchased supplies on account, $2,700.
  3. Received cash from customers on account, $58,990.
  4. Paid creditors on account, $1,630.

a.  Journalize these transactions in a two-column journal, using the appropriate number to identify the transactions. If an amount box does not require an entry, leave it blank.

(1)   fill in the blank b7d701fb8004fee_2 fill in the blank b7d701fb8004fee_3
    fill in the blank b7d701fb8004fee_5 fill in the blank b7d701fb8004fee_6
(2)   fill in the blank b7d701fb8004fee_8 fill in the blank b7d701fb8004fee_9
    fill in the blank b7d701fb8004fee_11 fill in the blank b7d701fb8004fee_12
(3)   fill in the blank b7d701fb8004fee_14 fill in the blank b7d701fb8004fee_15
    fill in the blank b7d701fb8004fee_17 fill in the blank b7d701fb8004fee_18
(4)   fill in the blank b7d701fb8004fee_20 fill in the blank b7d701fb8004fee_21
    fill in the blank b7d701fb8004fee_23 fill in the blank b7d701fb8004fee_24

b.   Post the entries prepared in (a) to the following T accounts: Cash, Supplies, Accounts Receivable, Accounts Payable, Fees Earned. To the left of each amount posted in the accounts, select the appropriate number to identify the transactions.

Cash
  fill in the blank 2099b0feffa5003_2   fill in the blank 2099b0feffa5003_4


Supplies
  fill in the blank 2099b0feffa5003_6    


Accounts Receivable
  fill in the blank 2099b0feffa5003_8   fill in the blank 2099b0feffa5003_10


Accounts Payable
  fill in the blank 2099b0feffa5003_12   fill in the blank 2099b0feffa5003_14


Fees Earned
      fill in the blank 2099b0feffa5003_16
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