Construct the Trial Balance of the following transaction: Date/# Account Title Debit Credit a. Cash 250,000.00 Supplies 34,000.00 Jai, Capital 284,000.00 To record the investment of Jai b. Office Furniture 4,600.00 Cash 4,600.00 To record purchase of furniture c. Office Furniture 12,000.00 Cash 12,000.00 To record purchsae of furniture d. Utilities Expense 4,500.00 Accounts Payable 4,500.00 To record water expense e. Cash 23,000.00 Service Revenue 23,000.00 To record offering of service f. Accounts Receivable 34,000.00 Service Revenue 34,000.00 To record offering of service g. Accounts Payable 4,500.00 Cash 4,500.00 To record payment of payable h. Jai, Withdrawal 10,000.00 Cash 10,000.00 To record owner's withdrawal 376,600.00 376,600.00
Construct the Trial Balance of the following transaction: Date/# Account Title Debit Credit a. Cash 250,000.00 Supplies 34,000.00 Jai, Capital 284,000.00 To record the investment of Jai b. Office Furniture 4,600.00 Cash 4,600.00 To record purchase of furniture c. Office Furniture 12,000.00 Cash 12,000.00 To record purchsae of furniture d. Utilities Expense 4,500.00 Accounts Payable 4,500.00 To record water expense e. Cash 23,000.00 Service Revenue 23,000.00 To record offering of service f. Accounts Receivable 34,000.00 Service Revenue 34,000.00 To record offering of service g. Accounts Payable 4,500.00 Cash 4,500.00 To record payment of payable h. Jai, Withdrawal 10,000.00 Cash 10,000.00 To record owner's withdrawal 376,600.00 376,600.00
Financial Accounting
15th Edition
ISBN:9781337272124
Author:Carl Warren, James M. Reeve, Jonathan Duchac
Publisher:Carl Warren, James M. Reeve, Jonathan Duchac
Chapter5: Accounting Systems
Section: Chapter Questions
Problem 16E: The cash payments and purchases journals for Outdoor Artisan Landscaping follow. The accounts...
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Question
Construct the
Date/# | Account Title | Debit | Credit |
a. | Cash | 250,000.00 | |
Supplies | 34,000.00 | ||
Jai, Capital | 284,000.00 | ||
To record the investment of Jai | |||
b. | Office Furniture | 4,600.00 | |
Cash | 4,600.00 | ||
To record purchase of furniture | |||
c. | Office Furniture | 12,000.00 | |
Cash | 12,000.00 | ||
To record purchsae of furniture | |||
d. | Utilities Expense | 4,500.00 | |
Accounts Payable | 4,500.00 | ||
To record water expense | |||
e. | Cash | 23,000.00 | |
Service Revenue | 23,000.00 | ||
To record offering of service | |||
f. | Accounts Receivable | 34,000.00 | |
Service Revenue | 34,000.00 | ||
To record offering of service | |||
g. | Accounts Payable | 4,500.00 | |
Cash | 4,500.00 | ||
To record payment of payable | |||
h. | Jai, Withdrawal | 10,000.00 | |
Cash | 10,000.00 | ||
To record owner's withdrawal | |||
376,600.00 | 376,600.00 |
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