CAN SOMEONE HELP ME DO A TABULAR ANALYSIS TRANSACTIONS? On April 1, Margaret Moore established Moore’s Travel Agency. The following transactions were completed during the month. 1. Invested $14,000 cash to start the agency. 2. Paid $700 cash for April office rent. 3. Purchased equipment for $3,600 cash. 4. Incurred $900 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $2,500 cash is received from customers, and the balance of $7,500 is billed to customers on account. 7. Withdrew $500 cash for personal use. 8. Paid Chicago Tribune $700 of the amount due in transaction (4). 9. Paid employees' salaries $2,200. 10. Received $4,500 in cash from customers who have previously been billed in transaction (6).
CAN SOMEONE HELP ME DO A TABULAR ANALYSIS TRANSACTIONS? On April 1, Margaret Moore established Moore’s Travel Agency. The following transactions were completed during the month. 1. Invested $14,000 cash to start the agency. 2. Paid $700 cash for April office rent. 3. Purchased equipment for $3,600 cash. 4. Incurred $900 of advertising costs in the Chicago Tribune, on account. 5. Paid $900 cash for office supplies. 6. Performed services worth $10,000: $2,500 cash is received from customers, and the balance of $7,500 is billed to customers on account. 7. Withdrew $500 cash for personal use. 8. Paid Chicago Tribune $700 of the amount due in transaction (4). 9. Paid employees' salaries $2,200. 10. Received $4,500 in cash from customers who have previously been billed in transaction (6).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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CAN SOMEONE HELP ME DO A TABULAR ANALYSIS TRANSACTIONS?
On April 1, Margaret Moore established Moore’s Travel Agency. The following transactions were completed during the month.
| 1. | Invested $14,000 cash to start the agency. | |
| 2. | Paid $700 cash for April office rent. | |
| 3. | Purchased equipment for $3,600 cash. | |
| 4. | Incurred $900 of advertising costs in the Chicago Tribune, on account. | |
| 5. | Paid $900 cash for office supplies. | |
| 6. | Performed services worth $10,000: $2,500 cash is received from customers, and the balance of $7,500 is billed to customers on account. | |
| 7. | Withdrew $500 cash for personal use. | |
| 8. | Paid Chicago Tribune $700 of the amount due in transaction (4). | |
| 9. | Paid employees' salaries $2,200. | |
| 10. | Received $4,500 in cash from customers who have previously been billed in transaction (6). |
Transcribed Image Text:Assets
Accounts
Supplies
Equip
Cash
Receivable
1.
3.
4.
5.
8.
9.
10.
24
24
24
%24
%24
%24
%24
2.
6.
7.
Transcribed Image Text:Liabilities
Owner's Equity
Accounts
Owner's
Owner's
Payable
Capital
Drawings
Revenues
%24
%24
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