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Unformatted text preview: at had a $15,000 market value.
b. Paid $1,500 cash for rent of office space for the month.
c. Purchased $10,000 of additional equipment on credit (payment due within 30 days).
d. Completed work for a client and immediately collected the $2,500 cash earned.
e. Completed work for a client and sent a bill for $8,000 to be received within 30 days.
f. Purchased additional equipment for $6,000 cash.
g. Paid an assistant $3,000 cash as wages for the month.
h. Collected $5,000 cash on the amount owed by the client described in transaction e.
i. Paid $10,000 cash to settle the liability created in transaction c.
j. Owner withdrew $1,000 cash for personal use. 2 2/12/2014 Analysing the transactions? Provide an example that creates the desbribed Show new balances after each transaction. effects for the separate case a through g Required
Create a table like the one in Exhibit 1.9, using the following headings for columns: + Cash
+ Accounts Receivable
+ Accounts Payable
+ Holden, Capital
+ Revenues; and Expense...
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This document was uploaded on 03/26/2014.
- Spring '14