Chapter 2 Transactions Analysis Excel Worksheets

Chapter 2 Transactions Analysis Excel Worksheets - Stock....

Info iconThis preview shows pages 1–7. Sign up to view the full content.

View Full Document Right Arrow Icon
5771f3fe2a7fac722c138ec68ce3f5ca7f0acbcd.xls Analyzing transactions Transactions for ABC Consulting for May. 1 2 On May 3, ABC Consulting, pays $1,000 cash for supplies. 3 May 5, ABC Consulting purchased Equipment for $1,500 on account. 4 May 10, ABC Consulting provided consulting services and received $5,000 cash. 5 May 15, ABC Consulting paid rent of $2,500 for office space for May. 6 7 May 23, ABC Consulting provided consulting services for $2,000 on account. 8 9 May 30, ABC Consulting paid salaries of $1,200 to its employees 10 May 31, ABC Consulting paid $ 500 Dividends to its stockholder Mr. ABC May 1, Mr. Smith invests $25,000 cash in ABC Consulting, in exchange of Common
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 2
Background image of page 3

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 4
Background image of page 5

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Background image of page 6
Background image of page 7
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Stock. May 20, ABC Consulting paid $ 600 in partial settlement of the purchase of equipment on account May 26,ABC Consulting received $ 1,500 as payment from the receivable created on May 23. JOURNAL PAGE DATE DESCRIPTION PREF DEBIT CREDIT May 1 1 May 3 2 May 5 3 May 10 4 May 15 5 May 20 6 May 23 7 May 26 8 May 30 9 May 31 10 Cash Common Stock Equipment Consulting Revenue Supplies Dividends Accounts Receivable Accounts Payable Salaries Expense Rent Expense ABC Consulting Trial Balance May 31, 2 Debit Credit Cash Accounts Receivable Supplies Equipment Accounts Payable Common Stock Dividends Consulting Revenue Rent Expense Salaries Expense...
View Full Document

This note was uploaded on 04/01/2008 for the course ACCT 2101 taught by Professor Bhan during the Fall '07 term at University of Georgia Athens.

Page1 / 7

Chapter 2 Transactions Analysis Excel Worksheets - Stock....

This preview shows document pages 1 - 7. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online