Directions: Compute for the account balance of the given ledger. Write your answers on a separate sheet of paper. Account Title: Cash Account No. 101 Account Titles and J.R. Debit Credit Date Balance Explanations 2019 Aug. 1 Invested cash 2 Received cash from customers 5 Purchased supplies 9 Paid advertising 11 Received refund 16 Collected fees 18 Paid water bill 24 Bought equipment 27 Withdrew cash 28 Collected accounts 30 Paid salary J-1 P 70,000 50,000 J-1 J-1 P 1,500 2,000 J-1 500 15,000 J-1 J-1 2,300 20,000 5,000 J-2 J-2 J-2 J-2 15,000 J-2 20,000

Directions: Compute for the account balance of the given ledger. Write your answers on a separate sheet of paper. Account Title: Cash Account No. 101 Account Titles and J.R. Debit Credit Date Balance Explanations 2019 Aug. 1 Invested cash 2 Received cash from customers 5 Purchased supplies 9 Paid advertising 11 Received refund 16 Collected fees 18 Paid water bill 24 Bought equipment 27 Withdrew cash 28 Collected accounts 30 Paid salary J-1 P 70,000 50,000 J-1 J-1 P 1,500 2,000 J-1 500 15,000 J-1 J-1 2,300 20,000 5,000 J-2 J-2 J-2 J-2 15,000 J-2 20,000

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 2PA: To demonstrate the difference between cash account activity and accrual basis profits (net income),...

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