Question

The following are six transactions for Gonzalez Engineering, Inc. during the month of July.
Jul 1 Paid advertising expense, $275.
3 Performed service for customers and received cash, $3,000.
5 Purchased supplies on account, $450.
9 Received cash of $1,200 from credit customers on account.
12 Paid $900 on accounts payable.
17 Performed service for customers on account, $2,800.
Requirement
Complete the following table. For each transaction shown, determine the accounts affected, the type of account, whether the account increases or decreases, and whether it would be recorded in the journal on the debit or credit side.


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  • CreatedJuly 08, 2015
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