HPRM 2011 Summer 2023 Homework 2 Due 11:59 pm, June 11, 2023 Please review Chapter 2 In-Class Practice before working on the homework. Carson Catering Transaction 1. Don Carson invested $46,000 in the business Transaction 2. A van costing $12,000 was purchased with $3,000 cash and $9,000 loan from the bank Transaction 3. The business catered a dinner party and received $900 Transaction 4. The business paid employees $560 to work on the dinner party Accounts you will use include Cash, Capital, Van, Notes Payable, Catering Revenue, Wages Expense Question 1. T account - Draw a T account for each transaction. Question 2. Posting - Calculate the account balance for each account (show Debits/Credits). Question 3. Trail Balance - Calculate total debits and total credits. Total debts=

Total Credits=

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Carson Catering Transaction 1. Don Carson invested $46,000 in the business Transaction 2. A van costing $12,000 was purchased with $3,000 cash and $9,000 loan from the bank Transaction 3. The business catered a dinner party and received $900 Transaction 4 . The business paid employees $560 to work on the dinner party Accounts you will use include Cash, Capital, Van, Notes Payable, Catering Revenue, Wages Expense Question 1. T account - Draw a T account for each transaction. Question 2. Posting - Calculate the account balance for each account (show Debits/Credits)