Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts. Miscellaneous Expense Utilities Expense Answer: Type answer here. 3. Prepare a T account for each transaction. Label the account title for each account affected. Use the chart for accounts you created in question 1. Write the debit and credit amounts for each T account to show how the accounts are affected. The first one is done. c. Received cash from owner, Roger Fisher, as an investment, $10,000.00 d. Paid cash for insurance, $ 2, 400.00 e. Bought supplies on a account to Salmon Slayers, $600.00 Paid cash for fuel, $500.00 Paid cash to owner, Roger Fisher, for personal use, $1,250.00

Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts. Miscellaneous Expense Utilities Expense Answer: Type answer here. 3. Prepare a T account for each transaction. Label the account title for each account affected. Use the chart for accounts you created in question 1. Write the debit and credit amounts for each T account to show how the accounts are affected. The first one is done. c. Received cash from owner, Roger Fisher, as an investment, $10,000.00 d. Paid cash for insurance, $ 2, 400.00 e. Bought supplies on a account to Salmon Slayers, $600.00 Paid cash for fuel, $500.00 Paid cash to owner, Roger Fisher, for personal use, $1,250.00

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Description: 2. Add two new expense accounts to the chart of accounts you prepared. Assign each account numbers based on where they would be placed in the chart of accounts.Miscellaneous ExpenseUtilities ExpenseAnswer: Type answer here.3. Prepare a T account for

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter4: Posting To A General Ledger

Section: Chapter Questions

Problem 1AP

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For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. Use the following(partial) chart of accounts—account numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201); Unearned Landscaping Revenue (236); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); WagesExpense (601), and Landscaping Expense (696).
For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, (3) post the entry using T-accounts to represent ledger accounts. Use the following (partial) chart of accounts-account numbers in parentheses: Cash (101); Accounts Receivable (106): Offilce Supplies (124): Trucks (153); Equipment (167); Accounts Payable (201): Unearned Landscaping Revenue (236): D. Tyler, Capltal (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). a. On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $76,000 in cash along with equipmenthaving a $36,000 value. b. On May 21, Elegant Lawns purchases office supplies on credit for $400. c. On May 25, Elegant Lawns receives $8,400 cash for performing landscaping services. d. On May 30, Elegant Lawns receives $1,600 cash in advance of providing landscaping services to a customer.
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For each transaction, (1) analyze the transaction using the accounting equation, (2) record the transaction in journal entry form, and (3) post the entry using T-accounts to represent ledger accounts. Use the following (partial) chart of accounts—account numbers in parentheses: Cash (101); Accounts Receivable (106); Office Supplies (124); Trucks (153); Equipment (167); Accounts Payable (201); Unearned Landscaping Revenue (236); D. Tyler, Capital (301); D. Tyler, Withdrawals (302); Landscaping Revenue (403); Wages Expense (601), and Landscaping Expense (696). On May 15, DeShawn Tyler opens a landscaping company called Elegant Lawns by investing $89,000 in cash along with equipment having a $49,000 value. On May 21, Elegant Lawns purchases office supplies on credit for $660. On May 25, Elegant Lawns receives $9,700 cash for performing landscaping services. On May 30, Elegant Lawns receives $2,900 cash in advance of providing landscaping services to a customer.
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From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify the correct financial statement that each account would appear on. 1. Accounts Payable 2. Unearned Revenue 3. Cash 4. Fees Earned 5. Rent Expense 6. Prepaid Expense 7. Unearned Revenue
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The chart of accounts for Miguel Company includes the following: Account Name Account Number Cash 11 Accounts Receivable 13 Prepaid Insurance 15 Accounts Payable 21 Unearned Revenue 24 Miguel, Capital 31 Miguel, Drawing 32 Fees Earned 41 Salaries Expense 54 Rent Expense 56 Page 3 of the journal contains the following transaction: Cash 640 Fees Earned 640 What posting references will be found in the journal entry? Please explain with full explanation. a. 41, 3 b. 3, 11 c. 11, 41 d. 11, 3
From the following list of selected items taken from the records of Rosewood Appliance Service as of a specific date, identify those that would appear on the balance sheet: 1. Accounts Payable 2. Accounts Receivable 3. Andrew King, Capital 4. Cash 5. Fees Earned 6. Land 7. Rent Expense 8. Supplies 9. Wages Expense 10. Wages Payable Based on the data presented in Exercise 1-16, identify those items that would appear on the income statement.
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Below are accounts & balances of TechnoSupport, a sole proprietorship that installs and repairs home computers for customers, as of November 2020. During the month, the owner, Sandy Pearson, invested additional cash of Php 20,000. For the month ended of November 30, 2020, prepare an (1) income statement, (2) a statement of owner’s equity, and a (3) balance sheet all in proper form. Answers should be handwritten. Take a picture of it and attached the file to this problem. Rename the file bearing your last name. ACCOUNT/TRANSACTION BALANCE Cash 36,000 Accounts Receivable 112,600 Supplies 18,000 Equipment 191,400 Accounts Payable 60,800 Sandy Pearson Capital, 11/1/2020 93,600 Sandy Pearson, Drawing 17,000 Fees Earned 682,000 Salaries Expense 396,800 Advertising Expense 73,000 Miscellaneous Expense 11,600
On October 1, 2019 Santana Rey launched a computer services company, business solutions that is organized as a proprietor ship and provides consulting services, computer system installations, and custom program development. create a table using the following headlines for columns cash accounts receivable computer supplies computer system office equipment accounts payable S. Ray, capital; S. Ray with draws revenues; and expenses. Then use addition and subtraction's within the table to show the dollar affects for each of the following October transactions for business solutions on the individual items of the accounting equation. Show new balances after each transaction. October. 1. S. Rey invested $45,000 cash a $20,000 computer system in an $8000 of office equipment in the company. 3. The company purchased $1420 of computer supplies on credit from Harris office products. 6. The company build easy leasing $4800 for services performed in installing a new Web server. 8. The company paid…