accounting transactions

Pataasin ang iyong marka sa homework at exams ngayon gamit ang Quizwiz!

Performed services on account for $11,220

accounts receivable 11,220 (assets) service [revenue] 11,220 (liabilities)

Billed customers $4,360 for services performed

accounts receivable 4,360 (assets) service [revenue] 4,360 (liabilities)

Performed advisory services on account for $6,850

accounts receivable 6,850 (assets) service [revenue] 6,850 (liabilities)

Paid a dividend of $11,110 to shareholders

cash -11,110 (assets) dividend -11,110 (liabilities) *

Paid $230 cash for advertising start of the business

cash -230 (assets) advertising [expense] 230 (liabilities)

Paid creditor $260 cash on account

cash -260 (assets) accounts payable 260 (liabilities)

Paid salaries of $29,880

cash -29,880 (assets) wages and salaries [expense] 29,880 (liabilities)

Paid rent of $5,100

cash -5,100 (assets) rent [expense] 5,100 (liabilities)

Paid dividends of $510 cash to stockholders

cash -510 (assets) dividends 510 (assets)

Purchased delivery trucks for $59,290 cash

cash -59,290 (assets) equipment 59,290 (assets)

Paid $740 due for supplies previously purchased on account

cash -740 (assets) accounts payable 740 (liabilities)

Received $1,900 cash from customers billed in transaction (4) **(Billed customers $4,360 for services performed)**

cash 1,900 (assets) accounts receivable -1,900 (assets)

Issued shares of common stock to investors in exchange for $142,990 in cash

cash 142,990 (assets) common stock 142,990 (liabilities)

Received $15,320 from customers for services performed

cash 15,320 (asset) service [revenues] 15,320 (liabilities)

Issued stock to investors for $15,770 in cash

cash 15,770 (assets) common stock 15,770 (liabilities)

Borrowed $40,070 by issuing bonds

cash 40,070 (assets) bonds payable 40,070 (liabilities)

Purchased used car for $10,990 cash for use in business

equipment 10,990 (assets) cash -10,990 (assets)

Purchased supplies on account for $350

supplies 350 (assets) accounts payable 350 (liabilities)

Purchased supplies for $4,200 on account

supplies 4,200 (assets) accounts payable 4,200 (liabilities)


Kaugnay na mga set ng pag-aaral

Chapts 1-14 Business Communications

View Set

Gen Psych Chp 10 Key Terms, Concept checks, quiz

View Set

TX Prin. of Real Estate ONE Ch. Nine 9.2

View Set

MUSIC 151: Exam 4 Chapters 11-14

View Set

Quiz 2 Information Security Fundamentals

View Set

Language Arts 908 self test 1 study guide

View Set

Health and Human Development Final

View Set