Question: I would greatly appreciate help with these problems Selected transactions for H.Burns, an interior decorator, in her first month of business are as follows Jan.

 I would greatly appreciate help with these problems Selected transactions forH.Burns, an interior decorator, in her first month of business are as

I would greatly appreciate help with these problems

follows Jan. 1 Invested $15,000 cash in business 3 Purchased used carfor $4,000 cash for use in business 9 Purchased supplies on accountfor $500 11 Billed customer $1,800 for services performed 16 Paid$200 cash

Selected transactions for H.Burns, an interior decorator, in her first month of business are as follows Jan. 1 Invested $15,000 cash in business 3 Purchased used car for $4,000 cash for use in business 9 Purchased supplies on account for $500 11 Billed customer $1,800 for services performed 16 Paid$200 cash for advertsing 20 Received $700 cash from custoemrs billed on January 11 23 Paid creditor $300 cash on balance owed 28 Withdrew $2,000 cash for personal use of owner For each transaction incicate the following The basic type of account debited and credited ( asset, liability, owner's equity) b The specific account debited and credited C Whether the specific account is increased or decreased d The normal balance of the specific accountThe bookkkeeper for Stan Tucci Equipment Repair made a number of erroes in journalizing and positng as described below 1 A credit posting of $400 to Accountd Receivable was omitted 2 A debit posting of $750 for Prepaid Insurance was debited to Insurance Expense 3 A collection from a customer of $100 in payment of its account owed was journalized and posted as a debit to Cash of $100 and a credit to Service Revenue $100 4 A credit posting of $300 to Property Taxes Payble was made twice 5 A cash purchase of supplies for $250 was journalized and psoted as a debit to Supplies $25 and a credit to Cash $25 6 A debit of $495 to Advertising Expense was posted as $459 For each error a Indicate whether the trial balance will balance b If the trial balance will not balance indicate the amount of the differecne c Indicate the trial balacne column that will have the larger totalGiven the accoutning equation answer each of the following questions 1 The liabilities of Shumway Compnay are $100,00 and the owber's equity is $232,000. What is the amount of Shumway Company's total assets? 2 The total assets of Compnay are $190,000 and it's owners equity os $80,000. What is the amount of its total liabilities? 3 The total assets of Norris Co. are $600,000 and its liabilities are equal to one half its total assets. What is the amount of Norris Co.'s owners equity

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