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LO2.3 PROBLEM 2.4B An Alternate Problem on Recording the Effects of Transactions Assets Liabilities Owners Equity + Accounts Receivable Cash + Office + Equipment +
LO2.3 PROBLEM 2.4B An Alternate Problem on Recording the Effects of Transactions Assets Liabilities Owners Equity + Accounts Receivable Cash + Office + Equipment + Trucks Notes Payable + Balances $4,700 Accounts Payable $8,300 + Capital Stock $3,000 $72,000 $10.000 $8,000 $70,000 Chapter 2 Basic Financial Statements During short period after December 31, Mar Tracking had the following transaction Donght office equipment at a cost of 2.600 Paid cash 2. Collected $2.500 of accounts recenable 2. Paid $2,000 of accounts payable 4. Borrowed 55.000 from a bank Signed a note payable for that amount 3. Purchased the trucks for $60,000. Paid $5.000 cash and signed a note payable for the balance 6. Sold additional stock to investors for $25.000 Instructions List the December J1 balances of assets, abilities, and ownerseguity in tabular for shown above b. Record the effects of each of the six transactions in the tabular arrangement Illustrated above Show the totals for all columns after each transaction
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