The following are six transactions for Hart Engineering, Inc., during the month of July: Jul 1 Paid
Question:
The following are six transactions for Hart Engineering, Inc., during the month of July:
Jul 1 Paid advertising expense, $225.
3 Performed service for customers and received cash, $2,000.
5 Purchased supplies on account, $400.
9 Received cash of $1,500 from credit customers on account.
12 Paid $700 on accounts payable.
17 Performed service for customers on account, $2,200.
Requirement
1. 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 creditside.
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Transaction Jul 1 Advertising expense Cash 3 Cash Account Affected 9 5 Supplies Service revenue ...View the full answer
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