Aug. 2 5 9 14 15 19 22 25 26 The owner, Jason Young, invested $42,700 in the business. Purchased supplies on account for $670. Purchased equipment for $12,200 by signing a note payable due in three months. Provided services for $18,300. Of this amount, $9,200 was received in cash. The balance was Paid salaries of $1,500. Paid Jason Young $5,200 for his personal use. A customer paid $3,000 in advance for services to be provided next month. Paid the balance owing for the supplies purchased on August 2. Collected the remaining $9,100 of the amount owing from the August 9 transaction. Paid office expense of $3,900.

Aug. 2 5 9 14 15 19 22 25 26 The owner, Jason Young, invested $42,700 in the business. Purchased supplies on account for $670. Purchased equipment for $12,200 by signing a note payable due in three months. Provided services for $18,300. Of this amount, $9,200 was received in cash. The balance was Paid salaries of $1,500. Paid Jason Young $5,200 for his personal use. A customer paid $3,000 in advance for services to be provided next month. Paid the balance owing for the supplies purchased on August 2. Collected the remaining $9,100 of the amount owing from the August 9 transaction. Paid office expense of $3,900.

Name: DateAccount Titles(Invested cash in the business)(Purchased supplies
Uploaded: 2024-03-04T10:43:15.000Z
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Description: DateAccount Titles(Invested cash in the business)(Purchased supplies on account)Debit10Credit You are presented with the following transactions for J. Young, a sole proprietorship established in the month of August:Aug.225914151922252630The owner, J

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter8: Internal Control And Cash

Section: Chapter Questions

Problem 5PEB

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