Recording effects of transactions in T-accounts Record the transactions below for Amena Company by recording debit and

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Recording effects of transactions in T-accounts Record the transactions below for Amena Company by recording debit and credit amounts directly in the following T-accounts: Cash; Accounts Receivable; Office Supplies; Office Equipment; Accounts Payable; A. Amena, Capital; A. Amena, Withdrawals; Fees Earned; and Rent Expense. Use the letters a through i to identify transactions in the T-accounts. Determine the ending balance of each T-account.

a. Ahmad Amena, owner, invested \($13,325\) cash in the business.

b. Purchased office supplies for \($475\) cash.
c. Purchased \($6,235\) of office equipment on credit.

d. Received \($2,000\) cash as fees for services provided to a customer.

e. Paid \($6,235\) cash to settle the payable for the office equipment purchased in transaction c.

f. Billed a customer \($3,300\) as fees for services provided.
g. Paid \($775\) cash for the monthly rent.
h. Collected \($2,300\) cash toward the account receivable created in transaction f.
i. Ahmad Amena withdrew \($800\) cash for personal use.

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College Accounting Ch 1-14

ISBN: 9780073346892

1st Edition

Authors: John Wild, Vernon Richardson, Ken Shaw

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