Question
On your own 2-2 Analyzing transactions into debit and credit parts Taccounts are given in the Working Papers. Work this problem independently. Plumbing Solutions
On your own 2-2 Analyzing transactions into debit and credit parts Taccounts are given in the Working Papers. Work this problem independently. Plumbing Solutions uses the following accounts. Some of the accounts will be explained in Lesson 2-3. Cash Accts. Rec.-Theo Moses Supplies Brian Helfrey, Capital OCANDICE CUSACK, ISTOCK Prepaid Insurance Accts. Pay.-Plumbing World Transactions: Brian Helfrey, Drawing Sales Advertising Expense Rent Expense June 2. Received cash from owner as an investment, $3,500.00. 4. Paid cash for insurance, $105.00. 5. Paid cash for supplies, $60.00. 8. Bought supplies on account from Plumbing World, $800.00. 9. Paid cash on account to Plumbing World, $500.00. 1. Prepare two T accounts for each transaction. On each T account, write the account title of one of the accounts affected by the transaction. 2. Write the debit or credit amount in each T account to show the transaction's effect. Analyzing Transactions into Debit and Credit Parts
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