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Hello, the list of transactions in picture 1 needs to be recorded into the table on picture 2, I did not get a balancing answer.
Hello, the list of transactions in picture 1 needs to be recorded into the table on picture 2, I did not get a balancing answer. Please and thanks.
N K A C D G H Amount August Transaction 5,000 1 Issued common shares for cash 7,000 6,000 1 Borrowed cash from the bank 1 Paid cash for a used truck 4 Paid cash for a one-year truck insurance policy effective August 1 (record as an asset) 5 Collected fees in cash from a client for work to be performed at a later date 7 Billed a client for services performed today 9 Paid cash for supplies purchased and used today 12 Purchased supplies 15 Collected part of the amount billed August 7 16 Paid cash for advertising in The News during the first two weeks of August 20 Paid in cash part of the amount owing for supplies purchased 25 Paid the following August expenses in cash: 600 5,000 1,000 7 200 on credit (record as an asset) 100 9 400 10 200 11 August 12 12 80 on 13 Rent 700 14 Salaries 15 2,000 Telephone Truck operating 28 Called clients about payment of the balances owing from August 7 Billed a client for services performed today, including $1,500 related to cash received August 5 Transferred August's prepaid expenses to insurance expense Counted supplies and found this amount still on hand (recorded the amount used as an expense). 16 200 17 500 29 5,000 31 20 60 31 21 80 22 1898 Singh Services Inc. Transactions Worksheet Liabilities Description S/H Equity Assets Date Ret. Comm. Unear. Acct. Bank Unused Ppd. Acct. Stock Earn. + Pay. Rev. Truck Loan Supp. Exp. Cash August Rec. 5,000 5,000 1 7,000 7,000 1 6,000 -6,000 1 600 -600 4 5,000 5,000 1,000 1,000 7 -200 200 100 100 12 400 -400 15 -200) 200 14 16 -80 20 -80 15 25 -700 700 16 -2,000 2,000 17 -200 18 200 19 -500 5,000 20 28 21 29 5,000 5.000 22 31 23 31 80 -80 24 Totals 25 6,920 5,600 8,980 20 6,000 7,000 5,000 S/H EQUITY 20 5,000 6,000 26 ASSETS27,520 LIAB. 23,020 27 28
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