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fie. Learning Objectives 4, 5, 6 Check Figure Objectives To describe transactions recorded in T accounts Directionss For each entry in the following T a
fie. Learning Objectives 4, 5, 6 Check Figure Objectives To describe transactions recorded in T accounts Directionss For each entry in the following T a debie and credit pares) that creased eh PART IV PROBLEM Using the chart of accounts below, indicate for each debited anunts below, indicate for each transaction the accounts that should be credited by inserting the proper a points per item) ccount number in the space provided. (Two 111 Cash 112 Accounts Receivable 121 Delivery Equipment 211 Accounts Payable 311 M. Laird, Capital 312 411 511 512 513 M. Laird, Withdrawals Delivery Fees Earned Salaries Expense Rent Expense Advertising Expense Debit Credit Transaction 1. Purchased van on account. 2. Paid rent for the month. 3. Invested additional cash in the business. 4. Received cash for services performed. 5. Billed a client on account for services performed. 6. Paid accounts payable. 7. Collected accounts receivable. 8. Withdrew cash for personal use. 9. Paid advertising expense. 10. Paid salaries expense for the week. FIDIANCIALSTATEMENTS
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