Book 6 (1).xlsx - Tyrai Jones 9am MWF BE3-2 Assets =...

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Tyrai Jones 9am MWF BE3-2 Assets = Liabilities+ STE Trasaction Supplies 1 60000 60000 2 -9000 3 13000 4 3100 3100 64000 67100 BE3-6 Jayne Company General Journal Date Account Titles and Explanation Debit Credit Cash 5000 common stock 5000 2 Equipment 1100 Account payable 1100 3 Rent expense 740 cash 740 12 Accounts Receivable 700 Service Revenue 700 Cash + AR + AP + BP + CS + June. 1
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BE3-4 Accounts payable Retained Earnings Debit Credit Rev- Exp- Div decrease Normal Balance 9000 stockholders Increase Service Revenue Debit Credit decrease increase Normal Balance Retained Earnings Debit Credit decrease Increase Normal Balance
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Advertising Expense Debit Credit Increase decrease Normal Balance Accounts Receievable Debit Credit Increase decrease Normal Balance Dividends debit credit increase decrease Normal Balance
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BE3-8 On August 1, Tilton Corporation issues shares of common stock to Basic analysis The asset Cash is increased $10,000; stockhold Debit-Credit Debits increase assets: debit Cash $10,000.Credits increase stock On August 4, Tilton corporation Basic analysis
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  • Spring '18
  • John Margarida
  • Generally Accepted Accounting Principles, Double-entry bookkeeping system

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