Question

Study Appendix 15B. The Eastside Tennis Club had the following transactions during June:
a. Collected $600 of dues that had been billed in May.
b. Sold an old computer for $150 cash and a promise to pay $200 in one month. The balance sheet value of the computer was $350.
c. Bought a postage meter on credit for $210.
d. Received the $200 promised in transaction b.
1. Set up T-accounts for the following accounts:
Cash
Dues Receivable
Accounts Receivable
Equipment
Accounts Payable
2. Make entries for each of the four transactions into the T-accounts. Label each entry a, b, c, or d.



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  • CreatedNovember 19, 2014
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