1.

The Cash account had a normal balance of $48,000 at the beginning of the month. During the month, Langdon Company received cash payments from its customers of $22,000 and made cash payments of $8,000 for expenses incurred and cash payments on account for $6,000. The balance in the Cash account after posting these transactions is

2.

Eight transactions are recorded in the following T-accounts:

CASH
(1)	25,000	(2)	3,500
(7)	22,500	(3)	1,950
		(4)	5,100
		(6)	8,000
		(8)	3,300
ACCOUNTS RECEIVABLE
(5)	27,500	(7)	22,500
SUPPLIES
(3)	1,950
EQUIPMENT
(2)	13,500
OWNER'S CAPITAL
		(1)	25,000
SERVICE REVENUE
		(5)	27,500
ACCOUNTS PAYABLE
(6)	8,000	(2)	10,000
OWNER'S DRAWINGS
(8)	3,300
SALARIES AND WAGES EXPENSE
(4)	5,100

Indicate for each debit and each credit: (a) whether an asset, liability, capital, drawing, revenue, or expense account was affected and (b) whether the account was increased (+) or () decreased.

Transaction		Account Debited				Account Credited
No.		Type		Effect		Type		Effect
(1)		Asset		+		Capital		+
(2)		LiabilityRevenueExpenseAssetCapitalDrawings		+-		CapitalAssetExpenseDrawingsLiabilityRevenue		+-
		DrawingsLiabilityCapitalExpenseAssetRevenue		-+		LiabilityRevenueCapitalDrawingsAssetExpense		+-
(3)		LiabilityRevenueAssetExpenseCapitalDrawings		+-		LiabilityRevenueExpenseDrawingsCapitalAsset		-+
(4)		AssetCapitalRevenueExpenseDrawingsLiability		-+		RevenueCapitalAssetExpenseDrawingsLiability		-+
(5)		RevenueDrawingsExpenseLiabilityAssetCapital		-+		LiabilityExpenseDrawingsAssetCapitalRevenue		+-
(6)		LiabilityExpenseRevenueCapitalAssetDrawings		-+		CapitalExpenseLiabilityDrawingsAssetRevenue		-+
(7)		RevenueCapitalLiabilityAssetDrawingsExpense		-+		DrawingsLiabilityAssetExpenseCapitalRevenue		+-
(8)		RevenueAssetDrawingsExpenseLiabilityCapital		-+		LiabilityCapitalAssetDrawingsExpenseRevenue		+-