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Bridgeport Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions.(If no entry is required, select No
Bridgeport Repair Shop had the following transactions during the first month of business as a proprietorship. Journalize the transactions.(If no entry is required, select "No entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
| Aug. 2 | Invested $11,290cash and $2,740of equipment in the business. |
| 7 | Purchased supplies on account for $450. (Debit asset account.) |
| 12 | Performed services for clients, for which $1,303was collected in cash and $689was billed to the clients. |
| 15 | Paid August rent $634. |
| 19 | Counted supplies and determined that only $263of the supplies purchased on August 7 are still on hand. |
| Date | Account Titles and Explanation | Debit | Credit |
| Aug. 2 | |||
| Aug. 2Aug. 7Aug. 12Aug. 15Aug. 19 | |||
| Aug. 12 | |||
| Aug. 2Aug. 7Aug. 12Aug. 15Aug. 19 | |||
| Aug. 2Aug. 7Aug. 12Aug. 15Aug. 19 | |||
|
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Principles Of Finance
Authors: Julie Dahlquist, Rainford Knight
1st Edition
979-8439388899
