Fill Out this transaction Table showing all transaction anyalsis on the table. Transaction Dec 2 - A.
Question:
Fill Out this transaction Table showing all transaction anyalsis on the table. Transaction
Dec 2 - A. Sayeed withdrew $2 000 from the business for personal use. Dec 4 - Purchased parts for repairing television sets for cash $350. Dec 7 - D. DeRozan, a customer, paid $90 cash on his account. Dec 10 - Paid back $1 500 on the bank loan. Paid $250 to creditors. Dec 15 - Purchased a used piece of equipment for $8 000 from Electro Inc. Paid $500 down and will pay the balance later. Dec 17 - Purchased a new truck from V. Carter Enterprises for $40 000. The old truck was traded in (at its current balance sheet value), with the balance being financed through a loan from a finance company. Dec 31 - The owner personally invested $5 000 into the business.
Assets | Liabilities | Equity | ||||||||
Cash | Accounts Reciviable | Part supplies | Equipment | Truck | Total Assets | Accounts Payable | Bank Loan | Total Liablities | A.Sayeed, Capital | |
Nov,30 | 5000 | 2300 | 2600 | 24000 | 9300 | 43200 | 3600 | 4200 | 7800 | 35400 |
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura