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urse Write the double entries for the following transactions on an Excel Sheet. Once completed, save the sheet with your name and upload it. . Owner invested $5,000 cash into the business. ⋅ . . • • . . Purchased office supplies for $500 cash. Made sales on account for $2,000. Paid $700 for rent. Purchased inventory on account for $3,000. Paid $1,000 to a supplier for a previous purchase on account. Received $1,500 from customers on account. Paid salaries of $1,200. Borrowed $4,000 from the bank, to be repaid in two years. Paid $200 for utilities. ENG

urse Write the double entries for the following transactions on an Excel Sheet. Once completed, save the sheet with your name and upload it. . Owner invested $5,000 cash into the business. ⋅ . . • • . . Purchased office supplies for $500 cash. Made sales on account for $2,000. Paid $700 for rent. Purchased inventory on account for $3,000. Paid $1,000 to a supplier for a previous purchase on account. Received $1,500 from customers on account. Paid salaries of $1,200. Borrowed $4,000 from the bank, to be repaid in two years. Paid $200 for utilities. ENG

FINANCIAL ACCOUNTING
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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urse Write the double entries for the following transactions on an Excel Sheet. Once completed, save the sheet with your name and upload it. . Owner invested $5,000 cash into the business. ⋅ . . • • . . Purchased office supplies for $500 cash. Made sales on account for $2,000. Paid $700 for rent. Purchased inventory on account for $3,000. Paid $1,000 to a supplier for a previous purchase on account. Received $1,500 from customers on account. Paid salaries of $1,200. Borrowed $4,000 from the bank, to be repaid in two years. Paid $200 for utilities. ENG
Transcribed Image Text:urse Write the double entries for the following transactions on an Excel Sheet. Once completed, save the sheet with your name and upload it. . Owner invested $5,000 cash into the business. ⋅ . . • • . . Purchased office supplies for $500 cash. Made sales on account for $2,000. Paid $700 for rent. Purchased inventory on account for $3,000. Paid $1,000 to a supplier for a previous purchase on account. Received $1,500 from customers on account. Paid salaries of $1,200. Borrowed $4,000 from the bank, to be repaid in two years. Paid $200 for utilities. ENG
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