Assignment4.odt - A01.S.11.1 Introduction to Accounting Part A Record the following transactions in the basic accounting equation a Brian invests

Assignment4.odt - A01.S.11.1 Introduction to Accounting...

  • Ashworth College
  • ACCT 101
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  • maggiebeth1408
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A01.S.11.1 Introduction to Accounting Part A Record the following transactions in the basic accounting equation:a. Brian invests $10,000 cash to begin an accounting service.b. The company buys office furniture for cash, $600.c. The company buys additional office furniture on account, $300.d. The company makes a payment on the office furniture, $200ASSETS = LIABILITIES + EQUITYOfficeFurnitureAccounts PayableBrian's Capital
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Part BThe following is a list of accounts and their balances for Benson Company for the month ended June 30, 20xx. Prepare a trial balance in good form. Cash $1,370 Benson, Withdrawals $ 500 Accounts Payable 770 Accounts Receivable 1,600 Office Equipment 900 Service Fees 2,730 Benson, Capital 1,500 Salaries Expense 630 Benson Company Trial Balance June 30, 20xx Particulars Debit Credit Cash $1,370.00 Accounts Payable $770.00 Office Equipment $900.00 Benson, Capital $1,500.00 Benson, Withdrawals $500.00 Accounts Receivable $1,600.00 Service Fees $2,730.00 Salaries Expense $630.00 Totals $5,000.00 $5,000.00 Part C
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  • Winter '15
  • Williams
  • Accounting, Generally Accepted Accounting Principles, office equipment

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