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Word File Edit View Insert Format Tools Table DA Insert Design Layout References Window Help Home Mailings Review View Times New R... 12 A- A A Paste BIU abe X2 X2 A- Page 1 of 1 262 words English (United States) Name Accounting2review quiz(1) (1) 76% Mon Feb 8 5:06 PM Q Search in Document ++ Share AaBbCcD. Heading 5 AaBbCcDdFe AaBbC Drive Normal No Spacing AaBbCcD AaBbCcDdE Heading 1 Heading 2 AaBbCcDdEe Heading 6 Styles Pane Directions: Record the following transactions in into the General Journal provided for the John Morgan, Co.; (30 pts) John Morgan, the owner, invested $12,000 cash and $13,000 of equipment into the business in exchange for common stock Completed an assignment and billed the client $1,100 for services rendered John Morgan, the owner withdrew $300 cash Dec. 2 2 Purchased supplies on account $700 7 Paid office rent for the current month of $600 11 17 18 Received cash of $2,300 for services completed 21 Paid insurance expense $110 22 Paid secretary-receptionist $1,160 for the month 30 31 Purchased $120 of supplies paying half today and the rest on account. Received $1,100 payment from customer billed on December 11. The company uses the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Account Payable; John Morgan, Capital; John Morgan, withdrawals, Revenue, Rent Expense, Insurance Expense, Wage Expense 2. Following is a list of accounts. In the blank column indicate if you would find the account on the Income Statement, Statement of OE, or Balance Sheet: (10 pts) Accounts Payable Service revenu Cash Marketing Expense Unearned Revenue Owner's Withdrawl Accounts Receivable Utility Expense Supplies Ending Owner's Capital Balance 3.Compute the missing figuro(s) using the Accounting Equation. (10 pts) 1. Assets are $400,000 and its owner's equity is $155,000, what are the liabilities? 2. At the beginning of the year, assets were $275,000 and owner's equity was $150,000. During the year assets increased $75,000 and liabilities decreased $22,500. What is the owner's equity at the end of the year? + 87% Word File Edit View Insert Format Tools Table DA Insert Design Layout References Window Help Home Mailings Review View Times New R... 12 A- A A Paste BIU abe X2 X2 A- Page 1 of 1 262 words English (United States) Name Accounting2review quiz(1) (1) 76% Mon Feb 8 5:06 PM Q Search in Document ++ Share AaBbCcD. Heading 5 AaBbCcDdFe AaBbC Drive Normal No Spacing AaBbCcD AaBbCcDdE Heading 1 Heading 2 AaBbCcDdEe Heading 6 Styles Pane Directions: Record the following transactions in into the General Journal provided for the John Morgan, Co.; (30 pts) John Morgan, the owner, invested $12,000 cash and $13,000 of equipment into the business in exchange for common stock Completed an assignment and billed the client $1,100 for services rendered John Morgan, the owner withdrew $300 cash Dec. 2 2 Purchased supplies on account $700 7 Paid office rent for the current month of $600 11 17 18 Received cash of $2,300 for services completed 21 Paid insurance expense $110 22 Paid secretary-receptionist $1,160 for the month 30 31 Purchased $120 of supplies paying half today and the rest on account. Received $1,100 payment from customer billed on December 11. The company uses the following accounts: Cash, Accounts Receivable, Supplies, Equipment, Account Payable; John Morgan, Capital; John Morgan, withdrawals, Revenue, Rent Expense, Insurance Expense, Wage Expense 2. Following is a list of accounts. In the blank column indicate if you would find the account on the Income Statement, Statement of OE, or Balance Sheet: (10 pts) Accounts Payable Service revenu Cash Marketing Expense Unearned Revenue Owner's Withdrawl Accounts Receivable Utility Expense Supplies Ending Owner's Capital Balance 3.Compute the missing figuro(s) using the Accounting Equation. (10 pts) 1. Assets are $400,000 and its owner's equity is $155,000, what are the liabilities? 2. At the beginning of the year, assets were $275,000 and owner's equity was $150,000. During the year assets increased $75,000 and liabilities decreased $22,500. What is the owner's equity at the end of the year? + 87%