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Use the following to answer questions 21 - 27 A. Cash ASSETS B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment LIABILITIES &
Use the following to answer questions 21 - 27 A. Cash ASSETS B. Accounts Receivable C. Supplies D. Prepaid advertising E. Equipment LIABILITIES & STOCKHOLDERS' EQUITY F. Accounts Payable G. Deferred revenue H. Notes Payable I. Common Stock J. Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L. Advertising expense M. Rent Expense N. Salaries/Wage expense O. Utilities expense Fel+ary 1st transaction is completed as an example: Only include the letter of the account not the account name. Date Transaction February 01 (ex) Paid an Accounts Payable February 2 Borrowed from the bank February 7 Provided services to customers on account February 14 Paid rent for the month February 15 Recorded and paid salaries and wages February 25 Received the utility bill, will pay in March February 28 Collected from customers from services on account Date ex FEB 1 F A Account Account payable (L-) Cash (A-) 21. Feb 2 22. Feb 7 23. Feb 14 24. Feb 15 25. Feb 25 26. Feb 28 AMOUNT $500 25,000 65,000 3,000 30,000 1,300 42,000 Debit Credit 500 500
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