Question: please fill in the chart in the second pic. thank you! EXTRA PRACTICE The T-Accounts that are listed below contain a series of transactions for

EXTRA PRACTICE The T-Accounts that are listed below contain a series of transactions for Tancredit Realty For each of the labelled entries, indicate how the accounts have changed and the transaction that must have occurred to generate the ntry Fill out the chart below. Transactions (a) is an example and has been completed for you General Ledger Cash 1. Tancredi, Drawings Balance 2 500 (b) 100 (b) 100 (a) 500- (d) 650 (0) 3.500 (8) 1 200 (i) 1 000 (h) 290 (1) 175 Accounts Receivable Commissions Earned Balance 3 500 (a) 500 (c) 1 000 (C) 1 000 10 3 500 Office Furniture Office Salaries Expense Balance 8.000 650 (a) Office Equipment Balance 12 000 Advertising Expense 400 (e) Accounts Payable Balance Rent Expense 1 200 1 700 (8) 400 Bank Loan Balance Telephone and Internet Expense 290 9 000 (h) 1. Tancredi, Capital Balance 0) Utilities Expense 175 15 3000) 1 000 Amount Transaction Account Affected Type of Account Increase or Decrease Debit or Credit Cash Asset Increase Debit $500 AR Asset Decrease Credit 500 Cash Increased and A/R decreased Therefore, an account receivable was collected b) c) d) e) D g) h)
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