College Accounting (Book Only): A Career Approach
13th Edition
ISBN: 9781337280570
Author: Scott, Cathy J.
Publisher: South-Western College Pub
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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.)
- a. Received and paid the electric bill, $175.
- b. Bought supplies on account, $135.
- c. Paid for insurance for one year, $580.
- d. Made a payment on account to a creditor, $65.
- e. Received and paid the telephone bill, $186.
- f. Sold services on account, $1,375.
- g. Received and paid the gasoline bill for the van, $130.
- h. Received cash on account from customers, $1,458.
- i. Dalberg withdrew cash for personal use, $700.
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Chapter 2 Solutions
College Accounting (Book Only): A Career Approach
Ch. 2 - Determine the balance of the following T account:
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