Adriana Janek owns a business for which the following T accounts show the current financial situation. Write the answers for the following problem in the Working Papers.

Instructions:
1. Analyze each numbered transaction in the T accounts. Write the titles of accounts affected in Column 2. For each account, write the classification of the account in Column 3.
2. For each account, place a check mark in either Column 4 or 5 to indicate if the account is affected by a debit or a credit.
3. For each transaction, write a brief statement in Column 6 describing the transaction.
Information for Transaction 1 is given as an example.

Transcribed Image Text:

Cash Sales (1) 6,000.00 (2) 100.00 (5) 700.00 (5) 700.00 (3) 65.00 (8) 400.00 (8) 400.00 (6) 75.00 (9) 900.00 (9) 900.00 (7) 900.00 (13) 225.00 (10) 600.00 (11) 550.00 (12) 500.00 (13) Accts. Rec. Ralph Dahl) 225.00 Supplies (4) 1,100.00 (10) 600.00 (11) (12) Accts. Pay. Tri City Supplies 550.00 (4) Adriana Janek, Capital (1) Adriana Janek, Drawing 500.00 (6) Advertising Expense 75.00 Miscellaneous Expense (3) 65.00 Rent Expense 1,100.00 (7) 900.00 Utilities Expense 6,000.00 (2) 100.00