Show by additions and sucstractions the effects ofthe following transactions on
ID: 2457588 • Letter: S
Question
Show by additions and sucstractions the effects ofthe following transactions on the accounts shownbelow accounts owners Cash account Supplies accountspayable capital a. Investment by 12,000 ______ ________ _______ 12000 owner, 12000 12000 balance =12000 b.Purchases supplies_______ __________ ________ ______________ _________ on credit, $700 Balance C.bil customer for ________ __________ ________ ______________ ___________ service, $400 ________ __________ ________ ______________ ____________ Balance d.Pay for supplies in________ _________ __________ ______________ ____________ B, $700 balance ________ _________ __________ _____________ ______________ E. Make a withdrawal_____ _________ __________ _____________ _____________ of $300 Balance ________ _________ __________ ____________ ______________ F).Recieve half of ________ _________ ___________ ____________ ______________ aount billed in C Balance ________ _________ ___________ ____________ ______________ G. Recieve and pay _______ _________ ___________ ____________ _______________ utility bill $50 Balance please ________ _________ ___________ ___________ _______________ Please please help Show by additions and sucstractions the effects ofthe following transactions on the accounts shownbelow accounts owners Cash account Supplies accountspayable capital a. Investment by 12,000 ______ ________ _______ 12000 owner, 12000 12000 balance =12000 b.Purchases supplies_______ __________ ________ ______________ _________ on credit, $700 Balance C.bil customer for ________ __________ ________ ______________ ___________ service, $400 ________ __________ ________ ______________ ____________ Balance d.Pay for supplies in________ _________ __________ ______________ ____________ B, $700 balance ________ _________ __________ _____________ ______________ E. Make a withdrawal_____ _________ __________ _____________ _____________ of $300 Balance ________ _________ __________ ____________ ______________ F).Recieve half of ________ _________ ___________ ____________ ______________ aount billed in C Balance ________ _________ ___________ ____________ ______________ G. Recieve and pay _______ _________ ___________ ____________ _______________ utility bill $50 Balance please ________ _________ ___________ ___________ _______________ Please please help balance =12000 b.Purchases supplies_______ __________ ________ ______________ _________ on credit, $700 Balance C.bil customer for ________ __________ ________ ______________ ___________ service, $400 ________ __________ ________ ______________ ____________ Balance d.Pay for supplies in________ _________ __________ ______________ ____________ B, $700 balance ________ _________ __________ _____________ ______________ E. Make a withdrawal_____ _________ __________ _____________ _____________ of $300 Balance ________ _________ __________ ____________ ______________ F).Recieve half of ________ _________ ___________ ____________ ______________ aount billed in C Balance ________ _________ ___________ ____________ ______________ G. Recieve and pay _______ _________ ___________ ____________ _______________ utility bill $50 Balance please ________ _________ ___________ ___________ _______________ Please please helpExplanation / Answer
c. +400 accounts recievable, +400 Owner's capital --- accountsrecievable balance: 400 / owner's capital balance 12,400 d. -700 cash, -700 accounts payable --- cash balance: 11,300 /accounts payable balance: 0 e. -300 cash, -300 owner's capital --- cash balance: 11,000 /owner's capital balance: 11,700 f. +200 cash, -200 accounts recievable --- cash balance:11,200 / accounts recievable balance: 200 g. -50 cash, -50 owner's capital --- cash balance: 11,150 /Owner's capital balance: 11,650If a question does not mention an account, then that accountdoes not change. Everything is in dollars, by the way. I also assumed the 300 withdrawl is by the owner, and you arenot yet using "expense" or "drawings" accounts.