FINANCIAL TRANSACTION WORKSHEET TRANSACTION A. Jasmin invested 100 000 cash to start a Travel and Tour Agency. B. Jasmin bought repair equipment from X Co. on credit, 150 000 C. She bought shop supplies for cash 25 000 D. Paid X Co. partially 25 500 E. Customers paid cash for services rendered to them, 50 000. F. Paid utilies expense, 5 000, G. Cruz paid salaries and wages, 34 000 H. Shop supplies purchased, 15 000 and made a down payment of 5 000 1. Cruz, withdrew 10 000 for his personal use. J. Paid rent expense for the month, 7 000 K. Miscellaneous espense, 2000 ASSETS = 100 000 150 000 25 000 (25 000) (25 500) 50 000 (5 000) (34 000) 15000 (5000) (10 000) (7 000) (2 000) LIABILITIES + 150 000 (25 500) 10 000 OWNER'S EQUITY 100 000 50 000 (5 000) (34 000) (10 000) (7 000) (2 000)
FINANCIAL TRANSACTION WORKSHEET TRANSACTION A. Jasmin invested 100 000 cash to start a Travel and Tour Agency. B. Jasmin bought repair equipment from X Co. on credit, 150 000 C. She bought shop supplies for cash 25 000 D. Paid X Co. partially 25 500 E. Customers paid cash for services rendered to them, 50 000. F. Paid utilies expense, 5 000, G. Cruz paid salaries and wages, 34 000 H. Shop supplies purchased, 15 000 and made a down payment of 5 000 1. Cruz, withdrew 10 000 for his personal use. J. Paid rent expense for the month, 7 000 K. Miscellaneous espense, 2000 ASSETS = 100 000 150 000 25 000 (25 000) (25 500) 50 000 (5 000) (34 000) 15000 (5000) (10 000) (7 000) (2 000) LIABILITIES + 150 000 (25 500) 10 000 OWNER'S EQUITY 100 000 50 000 (5 000) (34 000) (10 000) (7 000) (2 000)
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter3: Processing Accounting Information
Section: Chapter Questions
Problem 3.10MCE: Journal Entries Recorded Directly in T Accounts Record each of the following transactions directly...
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