financial accounting

Need help with BE 2-3

Using the data in BE2-2, journalize the transactions. (you may omit explanations.)

Mack of the m ived t b) is a ot why is it 'S. a trial its BRIEF EXERCISES waees SOOO Payable. BE2.I For indicate of (a) debit a Credit (c) the Of the Accounts payable. 2. Adi e Sing Expense. 3. Revenue. 4. Accounts Receivable. S. Co m n Stock. 6. Dividends. BE22 for the Ce_mpany, which for the mmath Of June are presented Identify the accounts to debited and cred- ited for each transaction. June I Sheldon COOER'- invests in exchange for shares of common stock in a welding business. 2 Purchases equ ipmem on account for I .200. 3 S800 cash is paid to landlord for June rent. 2 Bills P. Leonard S 300 for welding work done on account. deb Identify BE23 Using the data in BE22, journalize the transactions. (You may omit explanations.) BEN Evan Saunders, a fellow student, is unclear about the basic Steps in the recording process. Identify and briefly explain the Steps in the order in which they BE25 Bombeck Inc. has the following transactions during August of the current year. In. dicate (a) the effect on the accounting equation and (b) the debit-credit analysis illustrated on pages 69-73 of the textbook. Aug. I Opens an office as a financial advisor, investing SS .000 in cash in exchange for common stock. 4 Pays insurance in advance for 6 months, I ,800 cash. Ide,