The following accounts are applicable to Dale’s Lawn Service, Inc., a company that maintains condominium grounds:

1. Cash 2. Accounts Receivable 3. Supplies 4. Equipment 5. Accounts Payable 6. Lawn Services Revenue 7. Wages Expense 8. Rent Expense Dale’s Lawn Service, Inc., completed the following transactions:

Analyze each transaction and show the accounts affected by entering the corresponding numbers in the appropriate debit or credit columns as shown in transaction

a. Indicate no entry, if appropriate.
Recording Transactions in T Accounts

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a. Paid for supplies purchased on credit last month. b. Received cash from customers billed last month. c. Made a payment on accounts payable. d. Purchased supplies on credit. e. Billed a client for lawn services. f. Made a rent payment for the current month. g. Received cash from customers for lawn services. h. Paid employee wages. i. Ordered equipment. j. Received and paid for the equipment ordered in i. Debit Credit 5 |||