Question
Please assume the missing information and make a note for that assumption and finish the homework, use T charts to show your work. Chart of
Please assume the missing information and make a note for that assumption and finish the homework, use T charts to show your work.
Chart of Accounts
101 cash in bank
110 Inventory
115 Computers
120 Accounts receivable- Wright Brothers, co
201 Account Payable- Vendor, Ltd
301 Owner's Capital
401 Revenue
April 1, 2020
I put $10,000 into my company COMPACC, INC as an initial investment.
April 2, 2020
COMPACC buys some inventory for resale for $3,500 on account from Vendor Ltd
April 3, 2020
COMPACC sells some flight parts to Wright Brothers, Co for $2,500 on account
April 10, 2020
COMPACC Inc buys 2 computers for $4,000 with check #101
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1711
