financial accounting ch2hw

financial accounting ch2hw - Exercise 2-1 A. B. C. D. E. F....

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Exercise 2-1 A. Liability, Credit, Right side B. Expense, Debit, Left side C. Asset, Debit, Left side D. Asset, Debit, Left side E. Equity, Credit, Right side F. Asset, Debit, Left side G. Equity, Credit, Right side H. Asset, Debit, Left side I. Asset, Debit, Left side J. Asset, Debit, Left side K. Expense, Debit, Left side L. Revenue, Credit, Right side Exercise 2-4 Date Acct. Titles and Explanation PR Debit Credit 2008 Aug. 1 Cash 6,500 Photography Equipment 33,500 Common Stock 40,000 Investment by Owner Aug. 2 Prepaid Insurance 2,100 Cash 2,100 Purchased Prepaid Insurance for 24months Aug.5 Supplies 880 Cash 8800 Bought Office Supplies Aug. 20 Cash 3,331 Photography Fees Earned 3,331 Received cash for photography fees earned Aug. 31 Utilities Expense 675 Cash 675 August Utilities
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Exercise 2-5 T Account’s For Trial Balance CASH (1) 6500 (2) 2100 (5) 880 (20) 3331 (31) 675 OFFICE SUPPLIES (5) 880 PREPAID INS. (2) 2100
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financial accounting ch2hw - Exercise 2-1 A. B. C. D. E. F....

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