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Anna Taylor started a new business, Taylor Gymnastics, and completed the following transactions during December Dec. 1 Anna contributed $ 3 , 0 0 0
Anna Taylor started a new business, Taylor Gymnastics, and completed the following transactions during December Dec. Anna contributed $ cash in exchange for services provided
Received $ cash from customers for services provided
Paid $ cash for office supplies
Performed services for a customer and billed the customer for services rendered, $
Received $ bill for utilities due in two weeks
Paid for advertising in local paper, $
Paid utility bill received on Dec.
Collected cash from customer billed on Dec.
Paid rent for the month, $
Paid $ to assistant for wages
Received $ cash from customers for service performed
Cash dividends of $ were paid to stockholders.
Using the accounting equation place the transactions in the spreadsheet provided. See pg
PROBLEM II
Using the transactions in Problem I prepare the Journalize Entries.
PROBLEM III
Using the transactions in Problem I, prepare T accounts and post the transactions to the accounts.
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