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To start his own business, Bob Harris put $23,500 of his personal cash into the business account. Given the following additional transactions calculate the ending
To start his own business, Bob Harris put $23,500 of his personal cash into the business account. Given the following additional transactions calculate the ending balance of each of the following accounts after all journal entry amounts are posted: Cash, Supplies, Supplies Expense, Wages Expense, and Wages Payable Item Description 1 Supplies Cash Ref. Debit Credit 1,640 Cash $ 1,640 Supplies 2 Supplies Expense 480 Supplies Expense Supplies 480 Wages Expense 3 Wages Expense 935 Wages Payable Wages Payable 935 ? 4 Wages Payable 810 Cash 810
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