Roberto Alvarez began a business called Robertos Fix-It Shop. 1. Create T accounts for Cash; Supplies; Roberto
Question:
Roberto Alvarez began a business called Roberto’s Fix-It Shop.
1. Create T accounts for Cash; Supplies; Roberto Alvarez, Capital; and Utilities Expense. Identify the following transactions by letter and place them on the proper side of the T accounts:
(a) Invested cash in the business, $6,000.
(b) Purchased supplies for cash, $1,200.
(c) Paid utility bill, $900.
2. Foot the T account for cash and enter the ending balance.
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1 and 2 a Bal b Cash 60...View the full answer
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