The chart of accounts used by Culver Copy Company is listed below. 101 112 Accounts Receivable...
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The chart of accounts used by Culver Copy Company is listed below. 101 112 Accounts Receivable Supplies Equipment Notes Payable 201 Accounts Payable 125 157 200 Cash 1 2 209 Transactions 301 306 400 610 729 Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue You are to indicate the proper accounts to be debited and credited for the following transactions by selecting the account name(s) in the appropriate boxes. (Enter answers in alphabetical order.) Advertising Expense Rent Expense M. Acher invests $61.600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Transactions M. Acher invests $61,600 cash to start the business. D Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done. 101 125 LE 200 201 NON RECOLL Ch Accountx Ricodvable Supplies Equipment Notcx Payablc Accounts Payable year, 10% noto for the remaindor. 209 Uncamod Sarvice Revenuc 201 200 400 810 Owner's Explica Owner's Drawings Service Revenuc Advertiang Exponic 729 Rent Exponac You are to Indicato the proper accounts to be debited and credited for the following transactions by xclocting the accountnamcz) in the appropriate boxca. Enter crawan inolphabetical ceder Wado 101 157 AF 103 HO 201 200 Accounts Debited 201 201 150 201 400 201 202 100 Account Gradited Question 2 of 5 mucull venue amounted to $6.160. 40 cash for radlo advertising. 04 on account for supplies purchased In transaction 3. withdrew $1848 from the business for personal expenses. 056 cach for rent for the current month. d $1760 cash advance from a customer for future copying. customer for $508 for photocopy work done. eTextbook and Media THEREAF 0/7 101 610 201 306 729 101 112 1 2. 3. 4. 5. 6. 7. 8. 9. 10. M. Acher invests $61,600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done. The chart of accounts used by Culver Copy Company is listed below. 101 112 Accounts Receivable Supplies Equipment Notes Payable 201 Accounts Payable 125 157 200 Cash 1 2 209 Transactions 301 306 400 610 729 Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue You are to indicate the proper accounts to be debited and credited for the following transactions by selecting the account name(s) in the appropriate boxes. (Enter answers in alphabetical order.) Advertising Expense Rent Expense M. Acher invests $61.600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Transactions M. Acher invests $61,600 cash to start the business. D Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done. 101 125 LE 200 201 HOT RECOU Ch Accountx Ricodivable Supplies Equipment Notcx Payablc Accounts Payable year, 10% noto for the remaindor. 209 Uncamod Sorvice Revenuc 201 200 400 810 Owner's Explica Owner's Drawings Service Rovenuc Advertieng Exponic 729 Rent Exponac You are to Indicato the proper accounts to be debited and credited for the following transactions by xclocting the accountnamoz) in the appropriate boxca.Enter crawen in ophabetical ceder Wado 101 157 AF 103 HO 201 200 Accounts Debited 201 201 150 201 400 201 202 100 Account gradited Question 2 of 5 mucull venue amounted to $6.160. 40 cash for radlo advertising. 04 on account for supplies purchased In transaction 3. withdrew $1848 from the business for personal expenses. 056 cach for rent for the current month. d $1760 cash advance from a customer for future copying. customer for $508 for photocopy work done. eTextbook and Media THEREAF 0/7 101 610 201 306 729 101 112 1 2. 3. 4. 5. 6. 7. 8. 9. 10. M. Acher invests $61,600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done. The chart of accounts used by Culver Copy Company is listed below. 101 112 Accounts Receivable Supplies Equipment Notes Payable 201 Accounts Payable 125 157 200 Cash 1 2 209 Transactions 301 306 400 610 729 Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue You are to indicate the proper accounts to be debited and credited for the following transactions by selecting the account name(s) in the appropriate boxes. (Enter answers in alphabetical order.) Advertising Expense Rent Expense M. Acher invests $61.600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Transactions M. Acher invests $61,600 cash to start the business. D Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done. 101 125 LE 200 201 NON RECOLL Ch Accountx Ricodvable Supplies Equipment Notcx Payablc Accounts Payable year, 10% noto for the remaindor. 209 Uncamod Sarvice Revenuc 201 200 400 810 Owner's Explica Owner's Drawings Service Revenuc Advertiang Exponic 729 Rent Exponac You are to Indicato the proper accounts to be debited and credited for the following transactions by xclocting the accountnamcz) in the appropriate boxca. Enter crawan inolphabetical ceder Wado 101 157 AF 103 HO 201 200 Accounts Debited 201 201 150 201 400 201 202 100 Account Gradited Question 2 of 5 mucull venue amounted to $6.160. 40 cash for radlo advertising. 04 on account for supplies purchased In transaction 3. withdrew $1848 from the business for personal expenses. 056 cach for rent for the current month. d $1760 cash advance from a customer for future copying. customer for $508 for photocopy work done. eTextbook and Media THEREAF 0/7 101 610 201 306 729 101 112 1 2. 3. 4. 5. 6. 7. 8. 9. 10. M. Acher invests $61,600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done. The chart of accounts used by Culver Copy Company is listed below. 101 112 Accounts Receivable Supplies Equipment Notes Payable 201 Accounts Payable 125 157 200 Cash 1 2 209 Transactions 301 306 400 610 729 Unearned Service Revenue Owner's Capital Owner's Drawings Service Revenue You are to indicate the proper accounts to be debited and credited for the following transactions by selecting the account name(s) in the appropriate boxes. (Enter answers in alphabetical order.) Advertising Expense Rent Expense M. Acher invests $61.600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. Transactions M. Acher invests $61,600 cash to start the business. D Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done. 101 125 LE 200 201 HOT RECOU Ch Accountx Ricodivable Supplies Equipment Notcx Payablc Accounts Payable year, 10% noto for the remaindor. 209 Uncamod Sorvice Revenuc 201 200 400 810 Owner's Explica Owner's Drawings Service Rovenuc Advertieng Exponic 729 Rent Exponac You are to Indicato the proper accounts to be debited and credited for the following transactions by xclocting the accountnamoz) in the appropriate boxca.Enter crawen in ophabetical ceder Wado 101 157 AF 103 HO 201 200 Accounts Debited 201 201 150 201 400 201 202 100 Account gradited Question 2 of 5 mucull venue amounted to $6.160. 40 cash for radlo advertising. 04 on account for supplies purchased In transaction 3. withdrew $1848 from the business for personal expenses. 056 cach for rent for the current month. d $1760 cash advance from a customer for future copying. customer for $508 for photocopy work done. eTextbook and Media THEREAF 0/7 101 610 201 306 729 101 112 1 2. 3. 4. 5. 6. 7. 8. 9. 10. M. Acher invests $61,600 cash to start the business. Purchased three pieces of equipment for $140,800, paying $44,000 cash and signing a 5-year, 10% note for the remainder. Purchased $4,400 supplies on credit. Cash revenue amounted to $6,160. Paid $440 cash for radio advertising. Paid $704 on account for supplies purchased in transaction 3. Owner withdrew $1,848 from the business for personal expenses. Paid $1,056 cash for rent for the current month. Received $1,760 cash advance from a customer for future copying. Billed a customer for $508 for photocopy work done.
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Related Book For
Accounting Principles
ISBN: 9781119707110
14th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Jill E. Mitchell
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