Use the chart of accounts for Hal’s Marketing Services given in Application Problem 2-2.

Instructions: 

1. Prepare two T accounts for each transaction. On each T account, write the account title of one of the accounts affected by the transaction. Use the forms in your Working Papers. 

2. Write the debit or credit amount in each T account to show how the transaction affected that account.

Data from Application Problem 2-2

Hal Rosen owns Hal's Marketing Services, which uses the following accounts.

Transcribed Image Text:

Transactions: Mar. 25. 26. 27. 28. 29. Sold services for cash, $1,100.00. Performed $500.00 of services for Dominik Field on account. Ran an ad in the local newspaper. Paid $125.00 cash. Hal Rosen withdrew $450.00 for his personal use. Received a $250.00 check from Dominik Field on account.