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P 7 . The following accounts are applicable to Raymond's Chimney Sweeps: Cash Accounts Receivable Supplies Prepaid Insurance Equipment Notes Payable Accounts Payable R .
P The following accounts are applicable to Raymond's Chimney Sweeps:
Cash
Accounts Receivable
Supplies
Prepaid Insurance
Equipment
Notes Payable
Accounts Payable
R Foth, Capital
R Foth, Withdrawals
Service Revenue
Rent Expense
Repair Expense
Raymond's Chimney Sweeps completed the following transactions:
a Paid for supplies purchased on credit last month.
b Billed customers for services performed.
c Paid the current month's rent.
d Purchased supplies on credit.
e Received cash from customers for services performed
but not yet billed.
f Purchased equipment on account.
g Received a bill for repairs.
h Returned part of the equipment purchased in for a credit.
i Received payments from customers previously billed.
j Paid the bill received in
k Received an order for services to be performed.
Paid for repairs with cash.
Made a payment to reduce the principal of the note payable.
n Made a cash withdrawal.
REQUIRED
Analyze each transaction and show the accounts affected by entering the corresponding
numbers in the appropriate debit or credit column as shown in transaction a Indicate
no entry, if appropriate.
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