Analyzing transactions into debit and credit partsJoan Weber owns a business called Lawns Plus. Lawns Plus uses the following accounts:Joan Weber, DrawingCashAccounts Receivable-Central PropertiesAccounts Receivable-Clifton Care CenterSalesSuppliesPrepaid InsuranceAccounts Payable-Davis Office SuppliesAccounts Payable-Huff SuppliesAdvertising ExpenseMiscellaneous ExpenseRent ExpenseRepair ExpenseUtilities ExpenseJoan Weber, CapitalInstructions:Use the forms given in the Extra Problems Working Papers.1. Prepare a T account for each account.2. Analyze each transaction into its debit and credit parts. Write the debit and credit amounts in theproper T accounts to show how each transaction changes account balances. Write the date of thetransaction in parentheses before each amount.Transactions:June 1. Joan Weber invested $8,000.00 cash in the business.2. Bought supplies and paid $ 120.00 cash.3. Paid cash for rent, $400.00.4. Sold services for cash, $ 800.00.5.Had mower repaired for $50.00 cash.Performed $500.00 of services for Central Properties on account.Bought supplies from Huff Supplies for $1,000.00 on account.Paid insurance bill, $ 200.00 cash.8.9.10.11.Joan Weber invested an additional $ 1,000.00 in the business.Received $600.00 cash from sales.Bought supplies on account from Davis Office Supplies, $100.00.Central Properties paid $ 250.00 on account.Paid $10.00 for a miscellaneous expense.Paid Huff Supplies $ 100.00 on account.Paid the electric bill, $70.00.Ran an ad in the paper for $60.00.12.13.14.15.16.22.23.25. Sold services on account to Clifton Care Center, $ 400.00.26.30.Joan Weber withdrew $1,200.00 for her personal use.Received cash on account from Clifton Care Center, $200.00.

Rent Date Details Amount Date…

loan Weber owns a business called Lawns Plus. Lawns Plus uses the follow Joan Weber, Drawing Cash Accounts Receivable-Central Properties Accounts Receivable-Clifton Care Center Advertising Expense Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Joan Weber, Capital Sales Miscellaneous Expense Rent Expense Repair Expense Utilities Expense Instructions: Jse the forms given in the Extra Problems Working Papers. 1. Prepare a T account for each account. 2. Analyze each transaction into its debit and credit parts. Write the debi proper T accounts to show how each transaction changes account bala transaction in parentheses before each amount. Transactions: luno in the h ucinocC Invect 00.00

loan Weber owns a business called Lawns Plus. Lawns Plus uses the follow Joan Weber, Drawing Cash Accounts Receivable-Central Properties Accounts Receivable-Clifton Care Center Advertising Expense Supplies Prepaid Insurance Accounts Payable-Davis Office Supplies Accounts Payable-Huff Supplies Joan Weber, Capital Sales Miscellaneous Expense Rent Expense Repair Expense Utilities Expense Instructions: Jse the forms given in the Extra Problems Working Papers. 1. Prepare a T account for each account. 2. Analyze each transaction into its debit and credit parts. Write the debi proper T accounts to show how each transaction changes account bala transaction in parentheses before each amount. Transactions: luno in the h ucinocC Invect 00.00

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter3: Journalizing Transactions

Section: Chapter Questions

Problem 1SDP

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