Analyzing revenue, expense, and withdrawal transactions into debit and credit parts Use the chart of accounts for Hals Marketing Services given in Application Problem 2-2. Transactions: Mar.

25. Sold services for cash, $1,100.00.

26. Performed $500.00 of services for Dominik Field on account.

27. Ran an ad in the local newspaper. Paid $125.00 cash.

28. Hal Rosen withdrew $450.00 for his personal use.

29. Received a $250.00 check from Dominik Field on account.

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.

Answer rating: 100% (QA)

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