Question: begin { tabular } { | c | c | c | c | c | c | c | c | c |

\begin{tabular}{|c|c|c|c|c|c|c|c|c|}
\hline BE2.8(LO & 2) & Fleming's & Logistics & Consulting & has the & following transactions & during & August. \\
\hline \multicolumn{9}{|l|}{Aug.1 Received \$17,970 cash from the company's owner, Barbara Fleming}\\
\hline 4 Paid re & \multicolumn{8}{|l|}{Paid rent in advance for three months, \(\$ 4,720\).}\\
\hline 5 Purcha & \multicolumn{8}{|l|}{Purchased \(\$ 625\) of office supplies on account.}\\
\hline 6 Receiv & \multicolumn{8}{|l|}{Received \(\$ 560\) from clients for services provided.}\\
\hline \multicolumn{9}{|l|}{Billed clients \(\$ 1,210\) for services provided.}\\
\hline 27 Paid se & \multicolumn{8}{|l|}{Paid secretary \(\$ 980\) salary.}\\
\hline \multicolumn{9}{|l|}{29 Paid the company's owner, Barbara Fleming, \(\$ 720\) cash for personal use.}\\
\hline & \multicolumn{3}{|c|}{Account Debited} & & \multicolumn{4}{|c|}{Account Credited}\\
\hline Transaction & \begin{tabular}{l}
(a) Basic \\
Type
\end{tabular} & \begin{tabular}{l}
(b) Specific \\
Account
\end{tabular} & (c) Effect & & (a) Basic Type & (b) Specific Account & (c) Effect & \\
\hline Aug. 1 & Asset & Cash & +\$16,950 & & Owner's equity & B. Fleming, Capital & +\$16,950 & \\
\hline Aug. 4 & Asset & Prepaid rent & +\$4,110 & & Asset & Cash & -\$4,110 & \\
\hline Aug. 5 & Asset & Office supplies & +\$500 & & Liability & Accounts payable & +\$500 & \\
\hline Aug. 6 & Asset & Cash & +\$600 & & Asset & Accounts receivable & -\$600 & \\
\hline Aug. 17 & Asset & Accounts receivable & +\$1,000 & & Owner's equity & Revenue & +\$1,000 & \\
\hline Aug. 27 & Owner's equity & Salary expense & -\$950 & & Asset & Cash & -\$950 & \\
\hline Aug. 29 & Owner's equity & Drawings account & -\$970 & & Asset & Cash & -\$970 & \\
\hline
\end{tabular}
BE2.12(LO 2) AP Using the data in BE2.8 for Fleming's Logistics Consulting, journalize the transactions.
\ begin { tabular } { | c | c | c | c | c | c | c

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!