Selected activity of Mason consulting services follow

DATE Sept. TRANSACTIONS

1. Zack mason invested $30,000 in cash to start the firm.

4. Purchased office equipment for $3,250 on credit from Den, Inc.; received Invoice 9823, payable In 30 days.

16. Purchased are Automobile that rail b used to visit clients; issued check 1001 for $$15,000 in full payment.

20. Purchased supplies for $260; paid immediately with Check 1002.

23 Returned damaged supplies for a cash refund of $85.

30. Issued Check 1003 for $2,100 to Den, Inc., as payment on account for invoice 9823.

30 withdrew $1,500 in cash for personal expenses.

30. Issued check 1004 for $3,500 to pay the rent for October.

30. Performed services for $7,325 in cash.

30. Paid we for monthly telephone bill, Check 1005.

post the above transactions into the appropriate ledger accounts.

Transcribed Image Text:

Date Date Cash Supplies Debit Debit Account No. 101 Credit Balance Account No. 121 Credit Balance Accounts Receivable Date Debit Prepaid Rent Date Date quipment Debit Debit Account No. 111 Credit Account No. 112 Credit Balance Credit Balance Account No. 131 Balance Date Date Cash Supplies Debit Debit Account No. 101 Credit Balance Account No. 121 Credit Balance Accounts Receivable Date Debit Prepaid Rent Date Date quipment Debit Debit Account No. 111 Credit Account No. 112 Credit Balance Credit Balance Account No. 131 Balance

Answer rating: 100% (QA)

Capital Cash Account No 101 Date Debit Credit Balance Date Debit Credit Ba... View the full answer