Question
THIS COMPANY IS DEDICATED TO INTERIOR DECORATIONS AND ITS OWNER IS SARA MANE. 1. REGISTER THE FOLLOWING TRANSACTIONS WITH THE EXPANDED EQUATION 2. PREPARE THE
THIS COMPANY IS DEDICATED TO INTERIOR DECORATIONS AND ITS OWNER IS SARA MANE.
1. REGISTER THE FOLLOWING TRANSACTIONS WITH THE EXPANDED EQUATION
2. PREPARE THE COMPANY'S DAY
3. TRANSFER THE TRANSACTIONS TO T ACCOUNTS.
CASH 101
ACCOUNTS RECEIVABLE 102
SUPPLIES 103
PREPAID INSURANCE 104
OFFICE EQUIPMENT 105
BUILDING 106
ACCOUNTS PAYABLE 201
NOTES PAYABLE 202
UNEARNED REVENUE 203
S. MANE, CAPITAL 301
S. MANE, DRAWINGS 302
SALES 401
SERVICE REVENUE 402
RENT EXPENSE 501
SALARIES EXPENSE 502
UTILITIES EXPENSE 503
ADVERTISING EXPENSE 504
REPAIRS EXPENSE 505
TRANSACTIONS:
Jan 2 Invested $ 60,000 to start his business.
Jan 3 He bought a building whose cost is $ 75,000 and for which he paid $ 20,000 in cash and the rest was with a loan from Banco Popular.
Jan 3 He bought $ 10,000 in materials for the business.
Jan 5 He sold some decorative vases on credit for $ 250 to the client Ruiz.
Jan 7 He charged $ 5,000 in advance for a wedding service he will offer in February.
Jan 9 Bought $ 7,500 in office equipment on credit.
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