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As of April 1, the ledger for Harris Company showed the following select account balances: Cash $14,500; Accounts Receivable $1,800; Supplies $1,900; Land $14,000;
As of April 1, the ledger for Harris Company showed the following select account balances: Cash $14,500; Accounts Receivable $1,800; Supplies $1,900; Land $14,000; Equipment $28,000; Accounts Payable $7,000; Owner's Capital $80,000; Service Revenue $48,000; Sa $8,000; and Utilities Expense $3,500. All accounts have a normal balance. During the month of April, the following select transactions occurred: Withdrew $8,000 from the business for personal use. Purchased a tractor for $8,000 paying $3,000 in cash and the balance on account. Performed $10,000 of services on account. Paid $6,000 for employee salaries. Received $2,400 from customers for services to be performed in May Instructions: Assuming that the transactions have been journalized and posted to the ledger, complete the following table to show the account balance of select accounts. State if or credit balance after the transactions are journalized and posted to the ledger. Record your answers for account balance without dollar signs, with commas when applicable, and without cents. Spell Debit and Credit out completely when recording the balance Ex. Common Stock Cash Accounts Receivable Equipment Unearned Service Revenue Accounts Payable Account 55,000 $5,100 S $ $10,000 $$12,000 Account Balance Credit Credit Debit Debit Credit Credit Debit or Credi
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