Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

answer the empty highlighted balance box out lined in yellow please Mason Construction, Inc., completed the following transactions during August 2018, its first month of

image text in transcribed

answer the empty highlighted balance box out lined in yellow please

Mason Construction, Inc., completed the following transactions during August 2018, its first month of operations: (Click the icon to view the transactions.) Read the requirements Calculate the ending balance of each account at August 31, 2018. Enter the balance, along with a "Bal" posting reference on the appropriate side of each T-account. Cash Accounts recevable Supplies Aug 2 50,000 Aug 3 1,600 Aug 19 900 Aug 11 1,100 28 2,200 6 1,000 More Info 20 500 Bal Bal 900 Bal 1.100 Aug 2 Sold $50,000 of common stock to Donald Mason to start the construction business. Equipment Furniture Accounts payable 3 Paid monthly office rent, $1,600. Aug 8 1,000 Aug B 2,800 Aug B 2,800 6 Paid cash for new construction equipment, $1,000. 11 1,100 8 Purchased office furniture on account, $2,800. Bal 1,000 Bal 2,800 Bal 3,900 11 Purchased supplies on account, $1,100. 19 Performed service for a client on account, 900. Common stock Service revenue 20 Paid utility expenses, $500. Rent expense 28 Performed service for a client and received cash for the full arount of $2,200. Aug 2 50,000 Aug 19 900 Aug 3 1,600 28 2,200 Bal 50,000 Bal 3.100 Bal 1,600 Print Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Loose Leaf Fundamental Financial Accounting Concepts

Authors: Thomas Edmonds, Frances McNair, Philip Olds

8th Edition

0077433807, 978-0077433802

More Books

Students also viewed these Accounting questions

Question

describe the main employment rights as stated in the law

Answered: 1 week ago