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c. Sold 5,000 additional shares of common stock for $1 cash per share. Debit Credit Accounts Cash Common Stock 5,000 5,000 d. Provided day care
c. Sold 5,000 additional shares of common stock for $1 cash per share. Debit Credit Accounts Cash Common Stock 5,000 5,000 d. Provided day care to puppies during the year. Total amount for these services is $65.000 $9,000 of this was paid with credit, the rest was received in cash. Credit Accounts Cash Accounts Receivable Service Revenue Debit 56,000 9,000 56 000 65,000 e. Paid salaries of $22,000 cash for employees that worked throughout the year. Credit Accounts Salaries Expense Cash Debit 22,000 22,000 f. Incurred $8,000 in rent. All was paid in cash. Accounts Debit Credit 8,000 Rent Expense Cash 8,000 g. Collected accounts receivable $8,000. Debit Credit Accounts Cash Accounts Receivable 8,000 8,000 h. Purchased on account supplies for future use, $10,000. T Debit 10,000 T Accounts Supplies Accounts payable Credit | 10,000 c. Sold 5,000 additional shares of common stock for $1 cash per share. Debit Credit Accounts Cash Common Stock 5,000 5,000 d. Provided day care to puppies during the year. Total amount for these services is $65.000 $9,000 of this was paid with credit, the rest was received in cash. Credit Accounts Cash Accounts Receivable Service Revenue Debit 56,000 9,000 56 000 65,000 e. Paid salaries of $22,000 cash for employees that worked throughout the year. Credit Accounts Salaries Expense Cash Debit 22,000 22,000 f. Incurred $8,000 in rent. All was paid in cash. Accounts Debit Credit 8,000 Rent Expense Cash 8,000 g. Collected accounts receivable $8,000. Debit Credit Accounts Cash Accounts Receivable 8,000 8,000 h. Purchased on account supplies for future use, $10,000. T Debit 10,000 T Accounts Supplies Accounts payable Credit | 10,000
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