T accounts are given in the Working Papers. Your instructor will guide you through the following examples. Use the chart of accounts for Jensen Cleaning Service in Work Together 2-2. Transactions: 11. Sold services on account to Johannes Erickson, $125.00. 13. Received cash from sales, $260.00. 14. Paid cash for telephone bill, $54.00. Mar. 16. Received cash on account from Johannes Erickson, $125.00. 19. Paid cash to owner for a withdrawal of equity, $200.00.
T accounts are given in the Working Papers. Your instructor will guide you through the following examples. Use the chart of accounts for Jensen Cleaning Service in Work Together 2-2. Transactions: 11. Sold services on account to Johannes Erickson, $125.00. 13. Received cash from sales, $260.00. 14. Paid cash for telephone bill, $54.00. Mar. 16. Received cash on account from Johannes Erickson, $125.00. 19. Paid cash to owner for a withdrawal of equity, $200.00.
Century 21 Accounting General Journal
11th Edition
ISBN:9781337680059
Author:Gilbertson
Publisher:Gilbertson
Chapter2: Analyzing Transactions Into Debit And Credit Parts
Section2.3: Analyzing How Transactions Affect Owner’s Equity Accounts
Problem 1WT
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