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hello. please do all T accounts for cash, supplies, accounts payable, common stock, dividends, sales commissions, rent expense, office salaries, automobile expense, supplies expense, and
hello. please do all T accounts for cash, supplies, accounts payable, common stock, dividends, sales commissions, rent expense, office salaries, automobile expense, supplies expense, and misc expense
1 Jay Crowley transferred cash from a personal bank account to an account to be used for the business in exchange for common stock, $32,500. 2 Paid rent on office and equipment for the month, $2,350. 3 Purchased supplies on account, \$2,250. 4 Paid creditor on account, $900. 5 Earned sales commissions, receiving cash, $16,360. 6 Paid automobile expenses (including rental charge) for month, $1,690, and miscellaneous expenses, $620. 7 Paid office salaries, $3,000. 8 Determined that the cost of supplies used was $1,100. 9 Paid dividends, $3,000. Post the journal entries to the T accounts, selecting the appropriate date to the left of each amount to identify the transactions. Detern complete. Accounts containing only a single entry do not need a balance Step by Step Solution
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