02-ClassExercises - ACC211 NVCC- Annandale Mitchell Chapter...

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ACC211 NVCC-Annandale Mitchell Chapter 2 - Class Exercises 1. Stephen Strasburg Enterprises had the following selected transactions. 1. Stephen Strasburg invested $4,000 cash in the business. 2. Paid office rent of $1,100. 3. Performed consulting services and billed a client $5,200. 4. Stephen Strasburg withdrew $700 cash for personal use. Instructions : Journalize each transaction. Indicate each type of account and whether it increased or decreased. For example: Dr. Cash (A+) Cr. Notes Payable (L+) 2. Aloha Industries had the following transactions. 1. Borrowed $5,000 from the bank by signing a note. 2. Paid $2,500 cash for a computer. 3. Purchased $700 of supplies on account. Instructions : Journalize each transaction. Indicate each type of account and whether it increased or decreased. 3. Thomas the Tank Engine Park was started on April 1 by R. Harrison. The following selected events and transactions occurred during April. April 1
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02-ClassExercises - ACC211 NVCC- Annandale Mitchell Chapter...

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