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Use the following to answer questions 21 - 27 LIABILITIES & ASSETS STOCKHOLDERS' EQUITY A. Cash F. Accounts Payable B. Accounts Receivable G. Salaries Payable
Use the following to answer questions 21 - 27 LIABILITIES & ASSETS STOCKHOLDERS' EQUITY A. Cash F. Accounts Payable B. Accounts Receivable G. Salaries Payable C. Supplies H. Deferred revenue D. Prepaid advertising I. Notes Payable E. Equipment J. Retained Earnings INCOME STATEMENT ACCOUNTS K. Service Revenue L. Advertising expense M. Rent Expense N. Salaries/Wage expense 0. Utilities expense February 1st transaction is completed as an example: Only include the letter of the account not the account name. Date Transaction AMOUNT February 01 (ex) Paid an Accounts Payable $1,500 February 2 Provided services for customers who paid last week. 12,000 February 7 Purchased equipment by signing a note. 125,000 February 14 Paid rent for the month 4,000 February 15 Provided services for customers for cash. 75,000 February 27 Paid salaries and wages for the first two weeks of February 30,000 February 28 Received utility bill, will pay next week. 3,000 Date Account Debit Credit ex FEB 1 F Account payable (L-) 1,500 Cash (A-) 1,500 21. Feb 2 22. Feb 7 e 125,000 125,000 23. Feb 14 24. Feb 15 a 75,000 k 75,000 25. Feb 27 Chapter 2 Page 2-3 26. Feb 28 Cash
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