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Write the debit or credit amount in each T account to show the transaction's effect Analyzing transactions into Some of the accounts will be explained in Lesson 2-3. Cash Accts. Rec.-Johannes Erickson Supplies Prepaid Insurance Accts. Pay.-Supply Depot John Jensen, Capital John Jensen, Drawing Sales Rent Expense Utilities Expense Transactions: Mar. 1. Received cash from owner as an investment, $4,000.00. 3. Paid cash for supplies, $95.00. 4. Bought supplies on account from Supply Depot, $120.00. 6. Paid cash for insurance, $250.00. 9. Paid cash on account to Supply Depot, $80.00. Prepare two T accounts for each transaction. On eachT account, write the account title of one of the accounts affected by the transaction.

Write the debit or credit amount in each T account to show the transaction's effect Analyzing transactions into Some of the accounts will be explained in Lesson 2-3. Cash Accts. Rec.-Johannes Erickson Supplies Prepaid Insurance Accts. Pay.-Supply Depot John Jensen, Capital John Jensen, Drawing Sales Rent Expense Utilities Expense Transactions: Mar. 1. Received cash from owner as an investment, $4,000.00. 3. Paid cash for supplies, $95.00. 4. Bought supplies on account from Supply Depot, $120.00. 6. Paid cash for insurance, $250.00. 9. Paid cash on account to Supply Depot, $80.00. Prepare two T accounts for each transaction. On eachT account, write the account title of one of the accounts affected by the transaction.

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter3: Setting Up A New Company
Section: Chapter Questions
Problem 4.3C
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2. Write the debit or credit amount in each T account to show the transaction's effect Work together 2- Analyzing transactions into debit and credit parts Some of the accounts will be explained in Lesson 2-3. John Jensen, Capital John Jensen, Drawing Cash Accts. Rec.-Johannes Erickson Supplies Prepaid Insurance Accts. Pay.-Supply Depot Sales Rent Expense Utilities Expense Transactions: Mar. 1. Received cash from owner as an investment, $4,000.00. 3. Paid cash for supplies, $95.00. 4. Bought supplies on account from Supply Depot, $120.00. 6. Paid cash for insurance, $250.00. 9. Paid cash on account to Supply Depot, $80.00. 1. Prepare two T accounts for each transaction. On each T account, write the account title of one of the accounts affected by the transaction.
Transcribed Image Text:2. Write the debit or credit amount in each T account to show the transaction's effect Work together 2- Analyzing transactions into debit and credit parts Some of the accounts will be explained in Lesson 2-3. John Jensen, Capital John Jensen, Drawing Cash Accts. Rec.-Johannes Erickson Supplies Prepaid Insurance Accts. Pay.-Supply Depot Sales Rent Expense Utilities Expense Transactions: Mar. 1. Received cash from owner as an investment, $4,000.00. 3. Paid cash for supplies, $95.00. 4. Bought supplies on account from Supply Depot, $120.00. 6. Paid cash for insurance, $250.00. 9. Paid cash on account to Supply Depot, $80.00. 1. Prepare two T accounts for each transaction. On each T account, write the account title of one of the accounts affected by the transaction.
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