Show by additions and sucstractions the effects ofthe following transactions on

Question

Show by additions and sucstractions the effects ofthe following transactions on the accounts shownbelow                                    Cash       accountrecieve         Supplies      accountspayable       ownerscapital a. Investment by  _12,000     ______                                                                         12,000 owner, 12000        12000                                                                                           12000 balance b.Purchases supplies_______   __________     ________    ______________       _________ on credit, $700 Balance c.Bill customer for ________    __________    ________   ______________       ___________ service, $400        ________    __________    ________  ______________       ____________ Balance d.Pay for supplies in________  _________    __________  ______________      ____________ B, $700 balance                  ________    _________   __________   _____________     ______________ Pls balance Show by additions and sucstractions the effects ofthe following transactions on the accounts shownbelow                                    Cash       accountrecieve         Supplies      accountspayable       ownerscapital a. Investment by  _12,000     ______                                                                         12,000 owner, 12000        12000                                                                                           12000 balance b.Purchases supplies_______   __________     ________    ______________       _________ on credit, $700 Balance c.Bill customer for ________    __________    ________   ______________       ___________ service, $400        ________    __________    ________  ______________       ____________ Balance d.Pay for supplies in________  _________    __________  ______________      ____________ B, $700 balance                  ________    _________   __________   _____________     ______________ Pls balance balance b.Purchases supplies_______   __________     ________    ______________       _________ on credit, $700 Balance c.Bill customer for ________    __________    ________   ______________       ___________ service, $400        ________    __________    ________  ______________       ____________ Balance d.Pay for supplies in________  _________    __________  ______________      ____________ B, $700 balance                  ________    _________   __________   _____________     ______________ Pls balance

Explanation / Answer

Balances

Balances

Suppiles +700.00 700.00 Accounts Payable +700.00 700.00 Accounts Receivable +400.00 400.00 Service Revenue +400.00 400.00 Accounts Payable -700.00 0.00 Cash -700.00 11,300.00

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