College accounting

I: ll P '1' E R 2 Debits and Credits: Analyzing and Recording Business Transactions MyAccountingLab Exercises Set A 2A-1. From the following, prepare a chart of accounts. Microsoft Surface Tablet Legal Fees Salary Expense L. Janas, Capital Accounts Payable Cash Accounts Receivable Advertising Expense Repair Expense L. Janas, Withdrawals 2A-2. Record the following transaction in the transaction analysis chart: Shawna Portia bought a new piece of computer equipment for $25,000, paying $6,000 down and charging the rest. 2A-3. Complete the following table. For each account listed on the left, fill in what category it belongs to, whether increases and decreases in the account are marked on the debit or credit sides, and on which financial statement the account appears. A sample is provided. Accounts Affected Category 1 1, Appears on Which Financial Statements Computer Supplies Asset Dr. Cr. Balance Sheet Legal Fees Earned P. Roy, Withdrawals Accounts Payable Salaries Expense Auto 2A4. Given the following accounts, complete the table by inserting appropriate numbers next to the individual transaction to indicate which account is debited and which account is credited. 1. Cash 2. Accounts Receivable 3. Equipment 4. Accounts Payable 5. B. Barker, Capital 6. B. Barker, Withdrawals 7. Plumbing Fees Earned 3. Salaries Expense 9. Advertising Expense 10. Supplies Expenses Rules Transactlon Dr. tr. Example: Paid salaries expense. 8 1 Bob paid personal utilities bill from the company checkbook. Advertising bill received but unpaid. Received cash from plumbing fees. A B C D E. Paid supplies expense. F Bob invested in additional equipment for the business. 6 Billed customers for plumbing services rendered. l-l Received one-half the balance from transaction 6. I Bought equipment on account