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B 9 0 (Excel templates for the Self-Review Quizzes are available on MyLab Accounting.) 3 1 2 King Company uses the following accounts from

 

B 9 0 (Excel templates for the Self-Review Quizzes are available on MyLab Accounting.) 3 1 2 King Company uses the following accounts from its chart of accounts: Cash 13 44 (111); Accounts Receivable (112); Equipment (121); Accounts Payable (211); 45 46 47 48 49 50 51 Jamie King, Capital (311); Jamie King, Withdrawals (312); Professional Fees (411); Utilities Expense (511); and Salaries Expense (512). Record the following transactions in transaction analysis charts: A. Jamie King invested $1,000 cash and equipment worth $700 from his personal assets into the business. 52 53 54 55 56 B. Billed clients for services rendered, $12,000. 57 C. Utilities bill due but as yet unpaid, $150. 58 59 D. Jamie King withdrew cash for personal use, $120. 60 E. Paid salaries expense, $250.

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