Question

A company engaged in the following transactions:
Dec. 1 Performed services for cash, $1,500.
1 Paid expenses in cash, $1,100.
2 Performed services on credit, $1,800.
3 Collected on account, $1,200.
4 Incurred expenses on credit, $1,300.
5 Paid on account, $700.
Enter the correct titles on the following T accounts and enter the above transactions in the accounts. Determine the cash balance after these transactions, the amount still to be received, and the amount still to bepaid.


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  • CreatedMarch 26, 2014
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