Chapter 2, Problem 7AP

The following accounts are applicable to Raymond’s Chimney Sweeps:

1. 1. Cash
2. 2. Accounts Receivable
3. 3. Supplies
4. 4. Prepaid Insurance
5. 5. Equipment
6. 6. Notes Payable
7. 7. Accounts Payable
8. 8. R. Foth, Capital
9. 9. R. Foth, Withdrawals
10. 10. Service Revenue
11. 11. Rent Expense
12. 12. Repair Expense

Raymond’s Chimney Sweeps completed the following transactions:

REQUIRED

Analyze each transaction and show the accounts affected by entering the corresponding numbers in the appropriate debit or credit column as shown in transaction a. Indicate no entry, if appropriate.