DEA LOR Use the following to answer questions 21 - 27 LIABILITIES ASSETS STOCKHOLDERS' EQUITY A Cash F. Accounts Payable Accounts Receivable G. Salaries Payable C Supplies H. Deferred revenue D. Prepaid advertising Notes Payable E. Equipment Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L Advertising expense M Rent Expense N. Salaries/Wage expense O. Utilities expense February 1" transaction is completed as an example: Only include the letter of the account not the account name. Date February 01 (ex) February 2 February 7 February 14 February 15 February 28 Transaction Pald an Accounts Payable Collected from customers for sales made in January Paid employees for work performed in January Purchased supplies on account Provided services to cash customers Recorded salaries for February, will pay in March Received cash in advance from customers will provide service later Account Debit Account payable (L-) 125 Cash (A) 123000 AMOUNT $125 25,000 20,000 1,000 30,000 19,000 5,000 Credit February 28 Date FEB 1 125 21. Feb 2 25000 22. Feb 7 20,000 20, 23. Feb 14 Looo 11 000 24. Feb 15 12DDDD BODDO 25. Feb 28 11000 VSE 19000 26. Feb 28 SDDO SOOD Cash DEA LOR Use the following to answer questions 21 - 27 LIABILITIES ASSETS STOCKHOLDERS' EQUITY A Cash F. Accounts Payable Accounts Receivable G. Salaries Payable C Supplies H. Deferred revenue D. Prepaid advertising Notes Payable E. Equipment Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L Advertising expense M Rent Expense N. Salaries/Wage expense O. Utilities expense February 1" transaction is completed as an example: Only include the letter of the account not the account name. Date February 01 (ex) February 2 February 7 February 14 February 15 February 28 Transaction Pald an Accounts Payable Collected from customers for sales made in January Paid employees for work performed in January Purchased supplies on account Provided services to cash customers Recorded salaries for February, will pay in March Received cash in advance from customers will provide service later Account Debit Account payable (L-) 125 Cash (A) 123000 AMOUNT $125 25,000 20,000 1,000 30,000 19,000 5,000 Credit February 28 Date FEB 1 125 21. Feb 2 25000 22. Feb 7 20,000 20, 23. Feb 14 Looo 11 000 24. Feb 15 12DDDD BODDO 25. Feb 28 11000 VSE 19000 26. Feb 28 SDDO SOOD Cash