To start her own business, Patricia Jenkins put $27,700 of her personal cash into the business...
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To start her own business, Patricia Jenkins put $27,700 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted: Cash, Supplies, Supplies Expense, Wages Expense, and Wages Payable Item 1 Description Supplies Cash Ref. Debit Credit 1,510 Cash 1,510 Supplies 2 Supplies Expense 550 Supplies 550 50 3 Wages Expense 795 Supplies Expense Wages Expense Wages Payable Wages Payable 795 4 Wages Payable 645 Cash SP 645 To start her own business, Patricia Jenkins put $27,700 of her personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted: Cash, Supplies, Supplies Expense, Wages Expense, and Wages Payable Item 1 Description Supplies Cash Ref. Debit Credit 1,510 Cash 1,510 Supplies 2 Supplies Expense 550 Supplies 550 50 3 Wages Expense 795 Supplies Expense Wages Expense Wages Payable Wages Payable 795 4 Wages Payable 645 Cash SP 645
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