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Required information Use the following information for Exercises 19-20 below. (Algo) [The following information applies to the questions displayed below.] Chase Company posted transactions (a
Required information
Use the following information for Exercises 19-20 below. (Algo)
[The following information applies to the questions displayed below.]
Chase Company posted transactions (a through f) in the following T-accounts in December, its first month of operations.
| Cash | |||
|---|---|---|---|
| Debit | Credit | ||
| a. | 15,000 | b. | 5,000 |
| c. | 14,000 | e. | 6,000 |
| f. | 4,000 | ||
| Supplies | |||
|---|---|---|---|
| Debit | Credit | ||
| b. | 5,000 | ||
| d. | 6,000 | ||
| Accounts Payable | |||
|---|---|---|---|
| Debit | Credit | ||
| f. | 4,000 | d. | 6,000 |
| Chase, Capital | |||
|---|---|---|---|
| Debit | Credit | ||
| a. | 15,000 | ||
| Services Revenue | |||
|---|---|---|---|
| Debit | Credit | ||
| c. | 14,000 | ||
| Rent Expense | |||
|---|---|---|---|
| Debit | Credit | ||
| e. | 6,000 | ||
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