Notes2 - EXERCISE E2-2 EXERCISE E2-1 page 73 (b) Account H....

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Weygandt, Kieso, Kimmel 7 th Edition page 1 EXERCISE E2-2 EXERCISE E2-1 page 73 # (b) Account Debit Credit (a) Type (c) Effect (d) Normal 1/2 Cash 15,000 Asset Increase Debit H. Burns, Capital 15,000 Capital Increase Credit 3 Equipment 4,000 Asset Increase Debit Cash 4,000 Asset Decrease Debit 9 Supplies 500 Asset Increase Debit Accounts Payable Liability Increase Credit 11 Accounts Receivable 1,800 Asset Increase Debit Service Revenue 1,800 Revenue Increase Credit
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Weygandt, Kieso, Kimmel 7 th Edition page 2 EXERCISE E2-2 EXERCISE E2-1 (continued) # (b) Account Debit Credit (a) Type (c) Effect (d) Normal 16 Advertising Expense 200 Expense Increase Debit Cash 200 Asset Decrease Debit 20 Cash 700 Asset Increase Debit Accounts Receivable 700 Asset Decrease Debit 23 Accounts Payable 300 Liability Decrease Credit Cash 300 Asset Decrease Debit 28 H. Burns, Drawing 2,000 (Capital) Increase Debit Cash 2,000 Asset Decrease Debit
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Weygandt, Kieso, Kimmel 7 th Edition page 3 EXERCISE E2-4 and EXERCISE E2-3 pages 73-74 Date (b) Account Debit Credit (a) Type (c) Effect (d) Normal Oct 1 Cash 20,000 Asset Increase Debit L. Robbins, Capital 20,000 Capital Increase Credit 2 No Entry 3 Office Equipment 1,900 Asset Increase Debit Accounts Payable 1,900 Liability Increase Credit 6 Accounts Receivable 3,200
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This note was uploaded on 03/05/2010 for the course ACCT SYSTE 340 taught by Professor Lin during the Spring '10 term at Abraham Baldwin Agricultural College.

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Notes2 - EXERCISE E2-2 EXERCISE E2-1 page 73 (b) Account H....

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