2-9 - 900 (b) 4,800 (e) 4,500(c) 900 (d) 300 (f) 1,600 (g)...

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Page 9 of 10 http://ezto.mhhm.mcgraw-hill.com/hm_accounting.tpx?todo=printview 8. award: 1 out of 1 point Owner investments during the year 110,000 42,000 87,000 210,000 Owner withdrawals during the year ( 28,000 ) (47,000) (10,000) (55,000) Net Income (loss) for the year 22,000 90,000 (4,000) ( 45,000 ) Equity, December 31, 2008 $ 104,000 $ 85,000 $ 73,000 $ 110,000 Exercise 2-16 Preparing general journal entries L.O. A1, P1 Use information from the T-accounts given below to prepare general journal entries for each of the seven transactions a through g . (Omit the "$" sign in your response.) Cash Office Supplies Prepaid Insurance (a) 6,000(b) 4,800 (c)
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Unformatted text preview: 900 (b) 4,800 (e) 4,500(c) 900 (d) 300 (f) 1,600 (g) 820 Equipment Automobiles Accounts Payable (a) 7,600 (a) 12,000 (f) 1,600(d) 10,000 (d) 9,700 D. Belle, Capital Delivery Services Revenue Gas and Oil Expense (a) 25,600 (e) 4,500 (g) 820 General Journal Debit Credit (a) Cash 6,000 Automobiles 12,000 Equipment 7,600 D. Belle, Capital 25,600 (b) Prepaid Insurance 4,800 Cash 4,800 (c) Office Supplies 900 Cash 900 (d) Office Supplies 300 Equipment 9,700 Accounts Payable 10,000 (e) Cash 4,500 Delivery Services Revenue 4,500 (f) Accounts Payable 1,600 Cash 1,600 (g) Gas and Oil Expense 820 Cash 820...
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This note was uploaded on 08/09/2010 for the course ACCT 1 taught by Professor Ludwig during the Spring '10 term at Los Angeles City College.

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