Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Required information [The following information applies to the questions displayed below.) Accounts and Balances as of March 1, 2019 Cash 20,150 Fees Income -0- Accounts

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Required information [The following information applies to the questions displayed below.) Accounts and Balances as of March 1, 2019 Cash 20,150 Fees Income -0- Accounts Receivable 950 Rent Expense -0- Office Equipment 3,500 Utilities Expense -0- Supplies 350 Salaries Expense -O- Accounts Payable 2,500 22,450 Kelly Connor, Capital Kelly Connor -0- Drawing The following transactions occurred during the month of March a. Collected $450 from credit customers. b. Issued a check for $780 for rent. c. Paid $1,200 for salaries. d. The owner withdrew $660 in cash for personal expenses, e. Issued a check for $265 to pay the monthly utility bill. f. Received $2,330 in cash for services performed. g. Purchased office equipment for $1,450 on credit. Post the beginning balances AND the above transactions into the appropriate Taccounts (Remember to include transaction references.) Cash Accounts Receivable Beg bal Beg. bal Bal Bal Supplies Office Equipment Beg bal Beg bal Bal Bal Accounts Payable Beg. bal. Kelly Connor, Capital Beg bal. Bal Bal Kelly Connor, Drawing Fees Income Beg. bal Beg, bal Bal Bal Rent Expenso Utilities Expense Beg bal Beg, bal Bal Bal Salaries Expense Beg. bal. Bal

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

Intermediate Accounting

Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield

13th Edition

9780470374948, 470423684, 470374942, 978-0470423684

More Books

Students also viewed these Accounting questions