Question
Check my work Problem 3.2A (Algo) Using T accounts to record transactions involving assets, liabilities, and owner's equity. LO 3-1, 3-2 16.66 points The following
Check my work Problem 3.2A (Algo) Using T accounts to record transactions involving assets, liabilities, and owner's equity. LO 3-1, 3-2 16.66 points The following transactions took place at Wesson Counseling Services, a business established by Alexis Wesson. Post the following transactions into the appropriate T accounts. Transactions: Alexis Wesson invested $68,000 cash in the business. Purchased furniture for $16,800 in cash. Bought equipment, a fax machine, for $1,030; payment is due in 30 days. Purchased a used car for the firm for $16,800 in cash. Wesson invested an additional $10,800 cash in the business. Bought equipment, a new computer, for $3,800; payment is due in 60 days. Paid $1,030 to settle the amount owed on the fax machine. Wesson
Post the following transactions into the appropriate T accounts. Note: Select the Debit account first, then the Credit account. 1. Alexis Wesson invested $68,000 cash in the business. 2. Purchased furniture for $16,800 in cash. 3. Bought equipment, a fax machine, for $1,030; payment is due in 30 days. 4. Purchased a used car for the firm for $16,800 in cash. 5. Wesson invested an additional $10,800 cash in the business. 4. Purchased a used car for the firm for $16,800 in cash. 5. Wesson invested an additional $10,800 cash in the business. 6. Bought equipment, a new computer, for $3,800; payment is due in 60 davs. 7. Paid $1,030 to settle the amount owed on the fax machineStep by Step Solution
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