Parrish Ch2 Pg31  What accounts would be debited or credited for each trans action? 1) Shareholder invest $5000 2) Company buys copy machine $1500 cash 3) Company sold copies to customers for $500 cash 4) Company produced copies for Fellows Corporations, its customers.  The total sale amount was $1200. Company agreed to bill Fellows Corp. for the sale at the end of the month 5) Company paid employees $600 6) Company bought supplies for $300 7) Company paid rent $700 8) Company paid of $200 9) Copymaster bought office furniture for $500 10) Copymaster had an upaid phone bill at month end for $100

Question

Parrish Ch2 Pg31 

What accounts would be debited or credited for each trans action?

1) Shareholder invest $5000

2) Company buys copy machine $1500 cash

3) Company sold copies to customers for $500 cash

4) Company produced copies for Fellows Corporations, its customers.  The total sale amount was $1200. Company agreed to bill Fellows Corp. for the sale at the end of the month

5) Company paid employees $600

6) Company bought supplies for $300

7) Company paid rent $700

8) Company paid of $200

9) Copymaster bought office furniture for $500

10) Copymaster had an upaid phone bill at month end for $100

 

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