Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made...

  

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Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38.000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. Taccounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Аnalyze Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account. Deductions to account balances should be indicated by a minus sign.) 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2 A firm purchased equipment for $8,800 in cash 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her onginal cash investment 7. A firm bought a delivery truck for $38,000 on credt, payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance Analyze The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38,000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. T accounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Analyze Select the transactions that directly affected an owner's equity account. (Select "Yes" if the transaction directly affected an owner's equity account. Select "No" if it did not directly affect an owners' equity account) Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 6 Transaction 7 Transaction 8 Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38.000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. Taccounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Аnalyze Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account. Deductions to account balances should be indicated by a minus sign.) 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2 A firm purchased equipment for $8,800 in cash 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her onginal cash investment 7. A firm bought a delivery truck for $38,000 on credt, payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance Analyze The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38,000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. T accounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Analyze Select the transactions that directly affected an owner's equity account. (Select "Yes" if the transaction directly affected an owner's equity account. Select "No" if it did not directly affect an owners' equity account) Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 6 Transaction 7 Transaction 8 Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38.000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. Taccounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Аnalyze Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account. Deductions to account balances should be indicated by a minus sign.) 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2 A firm purchased equipment for $8,800 in cash 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her onginal cash investment 7. A firm bought a delivery truck for $38,000 on credt, payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance Analyze The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38,000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. T accounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Analyze Select the transactions that directly affected an owner's equity account. (Select "Yes" if the transaction directly affected an owner's equity account. Select "No" if it did not directly affect an owners' equity account) Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 6 Transaction 7 Transaction 8 Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38.000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. Taccounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Аnalyze Post the following transactions into the appropriate T accounts. (Select the Debit account first, then the Credit account. Deductions to account balances should be indicated by a minus sign.) 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2 A firm purchased equipment for $8,800 in cash 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her onginal cash investment 7. A firm bought a delivery truck for $38,000 on credt, payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance Analyze The following transactions occurred at several different businesses and are not related. Post the following transactions into the appropriate T accounts. Transactions: 1. Hunter Thompson, an owner, made an additional investment of $22,000 in cash. 2. A firm purchased equipment for $8,800 in cash. 3. A firm sold some surplus office furniture for $1,800 in cash. 4. A firm purchased a computer for $2,500, to be paid in 60 days. 5. A firm purchased office equipment for $10,000 on credit. The amount is due in 60 days. 6. Nancy Fowler, owner of Fowler Travel Agency, withdrew $4,800 of her original cash investment. 7. A firm bought a delivery truck for $38,000 on credit; payment is due in 90 days. 8. A firm issued a check for $2,300 to a supplier in partial payment of an open account balance. Analyze: Select the transactions that directly affected an owner's equity account. T accounts normally do not have any minus signs. Use minus signs in this problem to demonstrate your understanding of decreases to account balances. Complete this question by entering your answers in the tabs below. Transactions Analyze Select the transactions that directly affected an owner's equity account. (Select "Yes" if the transaction directly affected an owner's equity account. Select "No" if it did not directly affect an owners' equity account) Transaction 1 Transaction 2 Transaction 3 Transaction 4 Transaction 5 Transaction 6 Transaction 7 Transaction 8

Answer rating: 100% (QA)

Businesses Requirement 1 Requirement 2 Transaction 1 ... View the full answer