Accounting Homework week Three

Accounting Homework week Three - Name Instructor Financial...

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FileName: 75aa00e19855a0393e1b4df8bbd94c76e2b86039.xls, Tab: Chapter 2 Demonstration Problem, Page 1 of 6, 10/06/2009, 02:47:17 Name: Date: Instructor: Course: Sep 1 Stockholders invested cash in the business $20,000 Sep 2 Paid cash for store rent for the month of September $1,000 Sep 3 Purchased washers and dryers for $25,000 paying $10,000 cash and signing a $15,000 6-month note 12% note payable Sep 4 Paid cash for one-year accident insurance policy $1,200 Sep 10 $200 Sep 20 Declared and paid a cash dividend to stockholders $700 Sep 30 Determined that cash receipts for laundry fees for the month were $6,200 The chart of accounts for the company is: 101 Cash 311 Common Stock 130 Prepaid Insurance 332 Dividends 154 Laundry Equipment 400 Service Revenue 200 Notes Payable 610 Advertising Expense 201 Accounts Payable 729 Rent Expense Instructions: Date Accounts / Text/Memorandum Ref: Debit Credit Date Account Nbr Amount Account Nbr Amount Text / Memorandum Date Account Nbr Amount Account Nbr Amount Text / Memorandum Date Account Nbr Amount Account Nbr Amount Account Nbr Amount Text / Memorandum Date Account Nbr Amount Account Nbr Amount Text / Memorandum Date Account Nbr Amount Account Nbr Amount Text / Memorandum Date Account Nbr Amount Account Nbr Amount Text / Memorandum Date Account Nbr Amount Account Nbr Amount Text / Memorandum Account: Cash Acct Nbr: 101 Date: Explanation Ref Debit Credit Balance Account: Prepaid Insurance Acct Nbr: 130 Financial Accounting, 5th Edition, by Weygandt, Kieso, and Kimmel
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Accounting Homework week Three - Name Instructor Financial...

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