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Presented below are the T-accounts for Shumway Co. Presented below are the T-accounts for Shumway Co. 750 10/1 10/10 10/10 10/20 10/25 No. 101 400
Presented below are the T-accounts for Shumway Co.
Presented below are the T-accounts for Shumway Co. 750 10/1 10/10 10/10 10/20 10/25 No. 101 400 1,500 350 300 500 No. 112 500 10/6 10/20 No. 126 10/4 No. 157 10/3 Cash 3,000 10/4 10/12 4,000 10/15 500 10/30 2,000 10/31 Accounts Receivable 800 10/20 940 Supplies 400 Equipment 2,000 Notes Payable 10/10 Accounts Payable 1,500 10/3 Owner's Capital 10/1 10/25 Owner's Drawings 300 Service Revenue 10/6 10/10 10/20 Salaries and Wages Expense 500 Rent Expense 350 10/12 No. 200 4,000 No. 201 2,000 No. 301 3,000 2,000 No. 332 10/30 No. 400 800 750 940 No. 726 10/31 No.729 10/15 Reproduce the journal entries for the transactions that occurred on October 1, 10, and 20. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Cre (Owner's investment of cash in business) (Received cash for services performed) (Obtained loan from bank)
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