Question
The accounts that follow are applicable to Harolds Car Service, Inc., a company that repairs cars. 1. Cash 2. Accounts Receivable 3. Supplies 4. Equipment
The accounts that follow are applicable to Harolds Car Service, Inc., a company that repairs cars.
1. Cash
2. Accounts Receivable
3. Supplies
4. Equipment
5. Accounts Payable
6. Repair Services Revenue
7. Wages Expense
8. Rent Expense
Harolds completed the following transactions: Debit Credit
a. Paid for supplies purchased on credit last month. 5 1
b. Received cash from customers billed last month. ____ ____
c. Made a payment on accounts payable. ____ ____
d. Purchased supplies on credit. ____ ____
e. Billed a client for repair services. ____ ____
f. Made a rent payment for the current month. ____ ____
g. Received cash from customers for repair services not yet billed. ____ ____
h. Paid employee wages. ____ ____
i. Ordered equipment. ____ ____
j. Received and paid for the equipment ordered in i . ____ ____
Analyze each transaction and show the accounts affected by entering the corresponding numbers in the appropriate debit or credit columns as shown in transaction a. indicate no entry, if appropriate.
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