Question: d below, analyze the transaction and pre escary journal entry. a. Anna transferred $25,000 from h personal checking out into a business checking account for

d below, analyze the transaction and pre escary
d below, analyze the transaction and pre escary journal entry. a. Anna transferred $25,000 from h personal checking out into a business checking account for Paine Interiors. Chart of Accounts Q1: What Is one account that is being affected? anna paine, capital 11 Cash 31 Anna Paine, Capital By how much is it increasing or decreasing? 25000 12 Accounts receivable 32 Anna Paine, Drawing 02: What is the second account that is being affected? account reiveable 13 Supplies 41 Fees earned How much is this second account increasing/decreasing by? 25000 14 Equipment 51 Wages expense 15 Vehicle 52 Rent expense X/x/20XX 16 Accumulated depreciation 53 Advertising expense 21 Accounts payable 54 Supplies expense 22 Unearned fees 58 Miscellaneous expense b. Paid $2,000 for rent office space for the month of November. 23 Notes payable un Q1: What is one account that is being affected? By how much is it increasing or decreasing? 02: What is the second account that is being affected? How much is this second account increasing/decreasing by? x/X/20XX c. Purchased computer equipment on account, $5,000. Q1: What is one account that is being affected? By how much is it increasing or decreasing? Q2: What is the second account that is being affected? How much is this second account increasing/decreasing by? X/x/20XX d. Provided services on account, $10,000. Q1: What is one account that is being affected? By how much is it increasing or decreasing? Q2: What is the second account that is being affected

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 Finance Questions!