Question: please anwser t chart outline shown below please show your anwser clearly 1. P. Simpson began business as an engineering consultant on October 1, 20-.

please anwser
please anwser t chart outline shown below please show your anwser clearly
t chart outline shown below please show your anwser clearly
1. P. Simpson began business as an engineering consultant on October 1,

1. P. Simpson began business as an engineering consultant on October 1, 20-. He set up the following chart of accounts to be used in his business. 101 Bank 110 A/R-R. Arthur 111 AR-J. Morrison 120 Supplies 125 Equipment 130 Automobile 210 AP-Ace Finance Co. 211 AP-Grand's Stationers 212 AJP-Star Oil Co 301 P. Simpson, Capital 302 P. Simpson, Drawings 401 Fees Earned 505 Car Expense 510 Office Expense 515 Rent Expense 520 Wages Expense Complete the t-accounts on the next tab. Make sure you clearly use the correct account name. (26 Application marks) 1. Performed a service for S. Stewart and received $200 cash in payment 2. Received a bill from Grand's Stationers for $400 of supplies purchased on account. 3. Issued a cheque to O. Mack for wages. $500. 4. Received a bill from Star Oil Co for gasoline and oil used in the business car, $60. 5. Issued a cheque to Ace Finance Company for regular monthly payment, $400, 6, Issued a cheque to J. Mahoney for the rent for the month $700. 7. Issued a bill to J. Morrison for services performed. $500. 8. Issued a cheque for postage stamps, $30. 9. Issued a cheque for car repairs, $120. 10. Received a cheque from J. Morrison on account, $300. 11. Issued a cheque to R. Gordon for cleaning the office. $100 12. Issued a cheque to P. Simpson, the owner, for personal use, $800. 13. Issued a bill to R. Arthur for services performed, $1000. Dobits Credits 2 3 5 7 10 11 12 13

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