Debit Credit Sept 1 Cash 101 10000 Owners Capital 301 10000 Invested 10000 in

Debit credit sept 1 cash 101 10000 owners capital 301

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Ref. Debit Credit Sept 1 Cash 101 10,000 Owner's Capital 301 10,000 Invested 10000 in business 5 Equipment 157 12,000 Cash 101 4,000 Accounts Payable 201 8,000 Paid 4000 cash for equipment, 8000 left for account 25 Cash 201 3,000 Accounts Payable 101 5,000 Paid cash for balance on equipment 30 Cash 306 700 Owners 101 700 Ownsers personal use (b) Cash No. 101 Date Explanation Ref Debit Credit Balance Sept 1 J1 10,000 10,000 5 J1 4,000 6,000 25 J1 3,000 3,000 30 J1 700 2,300 Equipment No. 157 Date Explanation Ref Debit Credit Balance Sept 5 J1 12,000 ### Accounts Payable No. 201 Date Explanation Ref Debit Credit Balance Sept 5 J1 8,000 8,000 25 J1 3,000 5,000 Owner's Capital No. 301 Date Explanation Ref Debit Credit Balance Sept 1 J1 10,000 10,000 Owner's Draws No. 306 Date Explanation Ref Debit Credit Balance Sept 30 J1 700 700
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Exercise 2-14, p. 83Prepare a trial balance as illustrated in the chapter and fill in the missing amount for Cash. Overnite Delivery Service Trial Balance July 31, 2017 Debit Credit Cash $ 12,481 Accounts Receivable 7,642 Prepaid Insurance 1,968 Equipment 49,360 Notes Payable 17,000 Accounts Payable 8,396 Salaries & Wages Payable 815 Owner's Capital 42,000 Owner's Drawings 700 Service Revenue 10,610 Salaries & Wages Expense 4,428 Maintenance & Repairs Expense 961 Gasoline Expense 758 Utilities Expense 523 $ 78,821 $ 78,821 Cash = 78,821 - 66340 $ 12,481
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Holz Disc Golf Course was opened on March 1 by Ian Holz. The following selected events and transactions occurred during March. Problem 2-1A, p. 83March1 Invested 20,000 cash in the business.3 Purchased Rainbow Golf Land for $15,000 cash. The price consists of land $12,000, shed @2,000 and equipment $1,000.5 Paid advertising expenses of $900.6 Paid cash $600 for one-year insurance policy.10 Purchased golf discs and other equipment for $1,050 from Stevenson Company payable in 30 days.18 Received $1,100 in cash for golf fees (Holz records golf fees as service revenue).19 Sold 150 coupon books for $10 each.
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