Chapter 2, Problem 3E

R. Dalberg operates Dalberg’s Tours. The company has the following chart of accounts:

Using the chart of accounts, record the following transactions in pairs of T accounts. Give the T account to be debited first and the account to be credited to the right. Show debit and credit and plus and minus signs. (Example: Received and paid the bill for the month’s rent, $480.)

1. a. Received and paid the electric bill, $175.
2. b. Bought supplies on account, $135.
3. c. Paid for insurance for one year, $580.
4. d. Made a payment on account to a creditor, $65.
5. e. Received and paid the telephone bill, $186.
6. f. Sold services on account, $1,375.
7. g. Received and paid the gasoline bill for the van, $130.
8. h. Received cash on account from customers, $1,458.
9. i. Dalberg withdrew cash for personal use, $700.