Transactions: 1. Owner invested additional cash in the business, $5,000. 2. Paid the telephone bill, $600....

 

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Transactions: 1. Owner invested additional cash in the business, $5,000. 2. Paid the telephone bill, $600. 3. Wrote a check to a creditor as partial payment on account, $500. 4. Bought supplies on account, $150. 5. Received a check for accounting services, $300. 8. Owner invested office equipment in the business, $2,500. 7. Completed accounting services and agreed to accept payment later, $900. 8. Withdrew cash from the business for personal use, $2,000. 9. Received a check as partial payment on account, $450. Tracy Migre, a certified public accountant, has completed the above transactions. Ms. Migre's assets, liabilities, and owner's equity account titles and balances are shown in the table. Use the table to show the effect of each transaction. (Negative amounts should be indicated by a minus sign. Leave no cells blank-be certain to enter "0" wherever required. Omit the "S" sign in your response.) Beg. Bal 1. New Bal 2- New Bal 1 3. 1. New Bal 4 New Bal 5 $ $ $ $ S Cash in Bank 5,000 $ 5000 10000 $ $ an Accounts Receivable 900 0 $ 900 $ $ 59 $ $ Equipment. 14,000 0 14000 $ $ $ 49 $ Supplies 1,500 0 1500 $ $ $ $ Accounts Payable 3,000 0 3000 $ $ $ 5 T. Migre, Capital 18,400 5000 23,400 Transactions: 1. Owner invested additional cash in the business, $5,000. 2. Paid the telephone bill, $600. 3. Wrote a check to a creditor as partial payment on account, $500. 4. Bought supplies on account, $150. 5. Received a check for accounting services, $300. 8. Owner invested office equipment in the business, $2,500. 7. Completed accounting services and agreed to accept payment later, $900. 8. Withdrew cash from the business for personal use, $2,000. 9. Received a check as partial payment on account, $450. Tracy Migre, a certified public accountant, has completed the above transactions. Ms. Migre's assets, liabilities, and owner's equity account titles and balances are shown in the table. Use the table to show the effect of each transaction. (Negative amounts should be indicated by a minus sign. Leave no cells blank-be certain to enter "0" wherever required. Omit the "S" sign in your response.) Beg. Bal 1. New Bal 2- New Bal 1 3. 1. New Bal 4 New Bal 5 $ $ $ $ S Cash in Bank 5,000 $ 5000 10000 $ $ an Accounts Receivable 900 0 $ 900 $ $ 59 $ $ Equipment. 14,000 0 14000 $ $ $ 49 $ Supplies 1,500 0 1500 $ $ $ $ Accounts Payable 3,000 0 3000 $ $ $ 5 T. Migre, Capital 18,400 5000 23,400

Answer rating: 100% (QA)

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