Excel_Chapter 2

Excel_Chapter 2 - Name Section Date E2-2 Account Debited...

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Name Exercise 2-2 Section Date D. Reyes E2-2 Date Account Debited Account Credited 1. Jan. 2 Asset Cash Increase Debit Increase Credit 2. Jan. 3 Asset Increase Debit Asset Cash Decrease Credit 3. Jan. 9 Decrease Debit Liability Increase Credit 4. Jan. 11 Decrease Debit Asset Decrease Credit 5. Jan. 16 Asset Increase Debit Asset Cash Decrease Credit 6. Jan. 20 Asset Cash Increase Debit Asset Decrease Credit 7. Jan. 23 Liability Decrease Debit Asset Cash Decrease Credit 8. Jan. 28 Decrease Debit Asset Cash Decrease Credit (a) Basic Type (b) Specific Account ( c ) Effect (d) Normal Balance (a) Basic Type (b) Specific Account ( c ) Effect (d) Normal Balance Owner's Equity D. Reyes, Capital Equip. Expense Owner's Equity Supplies Expense Accounts Payable Owner's Equity Service Revene Accounts Receivable Advertising Expense Accounts Receivable Accounts Payable Owner's Equity D. Reyes, Capital
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Name Exercise 2-3 Section Date D. Reyes E2-3 General Journal J1 Date Account Titles and Explanation Ref. Debit Credit 1 Jan. 2 Cash 10,000 1 2 D. Reyes, Capital 10,000 2 3 (Owner's investment of cash in buiness) 3 4 3 Equipment Expense 4,000 4 5 Cash 4,000 5 6 (Purchase of used car for business) 6 7 9 Supplies Expense 500 7 8 Accounts Payable 500 8 9 (Purchase of supplies for business) 9 10 11 Service Revenue 1,800 10 11 Accounts Receivable 1,800 11 12 (Billed customers for services performed) 12 13 16 Advertising Supplies Expense 200 13 14 Cash 200 14 15 (Paid cash for advertising) 15 16 20 Cash 700 16 17 Accounts Receivable 700 17 18 (Received cash from customers billed 11th) 18 19 23 Accounts Payable 300 19 20 Cash 300 20 21 (Paid creditor) 21 22 28 D. Reyes, Capital 1,000 22 23 Cash 1,000 23 24 (Withdrew cash for personal use) 24
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Name 0 Exercise 2-10 Section Date Simon Landscaping Company (a) General Journal Date Account Titles and Explanation Ref. Debit Credit 1 Apr. 1 Cash 101 15,000 1 2 J. Simon, Capital 301 15,000 2 3 (Owner's investment of cash in business) 3 4 4 5 12 Cash 101 900 5 6 Service Revenue 400 900 6 7 (Received Cash for Services) 7 8 8 9 15 Salaries Expense 726 600 9 10 Cash 101 600 10 11 (Paid Salaries) 11 12 12 13 25 Accounts Payable 201 1,500 13 14 Cash 101 1,500 14 15 (Paid Cash for Accounts Payable)
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This note was uploaded on 08/12/2008 for the course ACCT 101 taught by Professor Ggode during the Summer '08 term at Lindenwood.

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Excel_Chapter 2 - Name Section Date E2-2 Account Debited...

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