Accounting question

[匿名]

2013-11-12 5:02 pm

During July, the business of Debbie Davis entered into the following transactions:
1 Collected $9000 of the accounts receivable.
2. Paid $1800 on accounts payable.
3. Purchased equipment for $5,100. Paid $2,100 in cash and signed a loan agreement for $3,000
4. Billed customers for services performed, $6,300
5. Purchased supplies on credit,$375
6. Paid expenses in cash , $2925
7. The owner withdrew $1000 for personal use.
8. use #600 of supplies during the period.

Required: Recording the effect of transaction.

Can someone help me to answer it. Thanks.

回答 (1)

ching

2013-11-15 3:22 pm

✔ 最佳答案

1. Debit Credit
Account receivable 900
Cash at bank 900

2.Account payable 1800
Cash at bank 1800

3.Equipment 5100
Cash at bank 2100
Account payable 3000

4. Account payable 6300
Cash at bank 6300

5.Supplies 375
Account payable 375

6. Expense 2925
Cash at bank 2925

7. Cash at bank 1000
Debbie Davis, Drawing 1000

8.Supplies 600
Supplies expense 600

參考: from myself, but because I studied accounting half year ago, I am not really sure but hope can help u.

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