Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Put in T-charts Transactions 1. On January 3 you opens an account with a deposit of $ 15,000 from the owner 2. You buy $560.00

image text in transcribed
image text in transcribed
image text in transcribed
Put in T-charts Transactions 1. On January 3 you opens an account with a deposit of $ 15,000 from the owner 2. You buy $560.00 in materials on January 6 3. Buys on January 7 a wagon with a finance check for $3000 and you contribute $ 700 of your funds, the loan must be paid off within a year 4. Next year's insurance policy is paid $ 2,300 5. You make a loan payment on February 20, $ 300 of principal and $ 89 of interest 6. You buy a new tractor on January 20 at $ 35,000 7. You pay a lawyer $ 50.00 on February 2 8. On May 4 you sell a pig for $ 900 9. Making the sale cost you $ 25.00 10. Herbicide was purchased for $ 300 on May 6, a line of credit account was opened in the store t 1000 cash 215,000.00 $56.000 $23000000 1100 kecounts Rec. 1210 Teder Livestock In- 1$700-00 $389.00 + 1220 Feed Thentary 1300 lepaid kape 100 Moschinery and Paris +2,300.00 + + LSO OFL. Fun an. 12000 and Beilland. Top 1930 dacumulated beffen ein 3,700-00 + 12000 Accounsky2100 Temps Pavable 2200 Internet Kayable 123001botestave GE3O600 $ 3000.00 alueel gol Voluphin.Igo 2310 Note 2001 Relai cap + Whoo Cash Solat 20 5000 leo erosion 1$ 15,000 - 8020 Perious tech con borghing topines unsiles Test + 200dan selalderen Bow Tinero income 300 Intest $89.00 3200 Gainsblusse on sale om.cop. As 9700 Miscellaneous + 9000 Explore

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using Financial Accounting Information The Alternative to Debits and Credits

Authors: Gary A. Porter, Curtis L. Norton

7th Edition

978-0-538-4527, 0-538-45274-9, 978-1133161646

More Books

Students also viewed these Accounting questions

Question

2. What is the business value of security and control?

Answered: 1 week ago