The assets, liabilities, and owner's equity accounts for Carrie's Accounting Firm are below: Cash Office Supplies...

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The assets, liabilities, and owner's equity accounts for Carrie's Accounting Firm are below: Cash Office Supplies Office Equipment Accounts Receivable Accounts Payable Carrie, Capital Carrie, Drawing Professional Fees Utility Expense Rent Expense Salary Expense Transactions: 1. Carrie invested $75,000 cash 2. Purchased office equipment on account from Torres company on account $12,000 3. Purchased office supplies $1000 on account 4. Received $700 for from a client 5. Purchased office supplies for $300 6. Paid salaries to employees $2500 7. Billed customer Diamond for services provided $3000 8. Paid utility bill $600 9. Paid rent $3000 10. Paid $6000 to Torres company (2) 11. Received $2000 from Diamond (7) 12. Carrie withdrew $3000 for personal use Complete journal entries, post to the ledger, and prepare a trial balance. The assets, liabilities, and owner's equity accounts for Carrie's Accounting Firm are below: Cash Office Supplies Office Equipment Accounts Receivable Accounts Payable Carrie, Capital Carrie, Drawing Professional Fees Utility Expense Rent Expense Salary Expense Transactions: 1. Carrie invested $75,000 cash 2. Purchased office equipment on account from Torres company on account $12,000 3. Purchased office supplies $1000 on account 4. Received $700 for from a client 5. Purchased office supplies for $300 6. Paid salaries to employees $2500 7. Billed customer Diamond for services provided $3000 8. Paid utility bill $600 9. Paid rent $3000 10. Paid $6000 to Torres company (2) 11. Received $2000 from Diamond (7) 12. Carrie withdrew $3000 for personal use Complete journal entries, post to the ledger, and prepare a trial balance.

Answer rating: 100% (QA)

Journal Entries 1 Cash 75000Capital 75000 2 Accounts Payable 12000Office Equipment 12000 3 Accounts ... View the full answer