Horngren's Accounting, The Financial Chapters (12th Edition)

12th Edition

ISBN: 9780134486789

Author: Tracie L. Miller-Nobles, Brenda L. Mattison, Ella Mae Matsumura

Publisher: PEARSON

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Textbook Question

Chapter 2, Problem S2.7SE

Journalizing transactions and posting to T-accounts

Learning Objective 3

Roland Foster Optical Dispensary completed the following transactions during the latter part of March.

Mar. 15	Purchased office supplies on account, $3,400.
28	Paid $1,800 on account.

Requirements

Journalize the transactions of Roland Foster Optical Dispensary. Include an explanation with each journal entry.
Open the following accounts (use T-account format): Cash (Beginning Balance of $21,000), Office Supplies: and Accounts Payable. Post the journal entries from Requirement I to the accounts, and compute the balance in each account.

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Chapter 2, Problem S2.6SE

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Chapter 2 Solutions

Horngren's Accounting, The Financial Chapters (12th Edition)

Ch. 2 - The detailed record of the changes in a particular...Ch. 2 - Which of the following accounts is a liability?...Ch. 2 - The left side of an account is used to record...Ch. 2 - Which of the following statements is correct?...Ch. 2 - Your business purchased office supplies of $2,500...Ch. 2 - Sedlor Properties puchased office supplies on...Ch. 2 - Posting a $2,500 purchase of office supplies on...Ch. 2 - Pixel Copies recorded a cash collection on account...Ch. 2 - Which sequence correctly summarizes the accounting...Ch. 2 - Nathvile Laundry reported assets of $800 and...

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