Question
Selected transactions for Changapanga Accounting Company during its first month in business are presented below. Please make the transactions entries for September. September 1. Invested
Selected transactions for Changapanga Accounting Company during its first month in business are presented below. Please make the transactions entries for September.
September 1.
Invested by owner $20000 cash in the business.
Account to be debited is ______ ?
Account to be credited is ______ ?
Amount is $ ________
September 5.
Purchased equipment for $16100 paying $5300 in cash and the balance on account.
Account to be debited is ______ ?
Amount debited is $ ________
Account to be credited is ______ ?
Amount credited is $ ________
Another account to be credited is ______ ?
Amount credited is $ ________
September 11.
Performed $3900 of services for clients, collecting $2000 cash and billing them for the remainder.
Account to be debited is ______ ?
Amount debited is $ ________
Another account to be debited is ______ ?
Amount debited is $ ________
Account to be credited is ______ ?
Amount credited is $ ________
September 25.
Paid the balance due for the September 5 transaction.
Account to be debited is ______ ?
Account to be credited is ______ ?
Amount is $ ________
September 30.
Collected $530 from the clients from the September 11 transactions.
Account to be debited is ______ ?
Account to be credited is ______ ?
Amount is $ ________
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