Question
PREPARE A TABLE WITH THE FOLLOWING ACCOUNTS: CASH, ACCOUNTS RECEIVABLE, OFFICE SUPPLIES, OFFICE EQUIPMENT, BUILDING, ACCOUNTS PAYABLE, NOTES PAYABLE, T. MOORE, CAPITAL, T. MOORE, WITHDRAWALS,
PREPARE A TABLE WITH THE FOLLOWING ACCOUNTS: CASH, ACCOUNTS RECEIVABLE, OFFICE SUPPLIES, OFFICE EQUIPMENT, BUILDING, ACCOUNTS PAYABLE, NOTES PAYABLE, T. MOORE, CAPITAL, T. MOORE, WITHDRAWALS, REVENUES AND EXPENSES. TIANA MOORE STARTED HER BUSINESS AND DURING ITS FIRST YEAR OF OPERATIONS DURING THE FOLLOWING TRANSACTIONS. REGISTER (RECORD) THESE TRANSACTIONS AND CALCULATE THE NET INCOME OF THE COMPANY.
A. T. MOORE INVESTES $ 95,000 CASH AND CONTRIBUTES AN OFFICE EQUIPMENT VALUED AT $ 20,000 TO START ITS BUSINESS B. BUY BUILDING FOR $ 120,000. MAKE A PAYMENT OF $ 20,000 CASH AND SIGN A NOTES PAYABLE FOR THE BALANCE OF $ 100,000 TO PAY LATER C. PURCHASE OFFICE EQUIPMENT FOR $ 20,000 CASH D. PURCHASE OFFICE SUPPLIES FOR $ 1,400 AND ADDITIONAL OFFICE EQUIPMENT FOR $ 3,000 ON CREDIT E. MAKES A PAYMENT TO THE LOCAL NEWSPAPER OF $ 400 CASH FOR THE ANNOUNCEMENT OF BUSINESS OPENING (ADVERTISING) F. COMPLETES A FINANCIAL PLAN FOR A CLIENT AND BILLS HIM $ 1,800 FOR THE SERVICE G. DESIGN A FINANCIAL PLAN FOR ANOTHER CUSTOMER AND RECEIVE $ 2,000 CASH FOR THE SERVICE H. T. MOORE MAKES A $ 5,000 CASH WITHDRAWAL FOR PERSONAL USE I. RECEIVES A CASH PAYMENT OF $ 1,800 FROM THE TRANSACTION CLIENT
J. MAKES A PAYMENT OF $ 2,000 CASH TO THE DEBT OF THE TRANSACTION D
K. MAKES A PAYMENT TO HIS SECRETARY OF $ 2,000 CASH FOR WAGES CONCEPT
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