ACC101_Assignment_week2.xlsx

ACC101_Assignment_week2.xlsx - WEEK 2 T-ACCOUNT ANALYSIS...

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WEEK 2: T-ACCOUNT ANALYSIS Account Name Accounts Payable Liabilities Credit Accounts Receivable Assets Debit Cash Assets Debit Computer Equipment Assets Debit Fees Income Revenue Credit J. Jones, Capital Owner's Equity Credit J. Jones, Drawing Owner's Equity Debit Office Furniture Assets Debit Prepaid Rent Assets Debit Rent Expense Expenses Debit Utilities Expense Expenses Debit PART 2: ANALYZE THE NOVEMBER TRANSACTIONS FOR YOUR COMPUTER COMPANY USING T-ACCOUNTS T-ACCOUNT ANALYSIS ASSETS = LIABILITIES +OWNER'S EQUITY + REVENUE - EXPENSES CASH ACCOUNTS PAYABLE J. JONES, CAPITAL FEES INCOME RENT EXPENSE 50,000 2,000 4,000 50,000 1,200 1,000 1,200 3,000 6,000 6,000
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  • Summer '17
  • Robinson
  • Balance Sheet, Generally Accepted Accounting Principles, J. Jones, account classification, 1,200 6,000 3,000 10,200 J

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