Part C 30 points The following transactions occurred during June for Campus

Part c 30 points the following transactions occurred

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Part C (30 points)The following transactions occurred during June for Campus Cycle Shop. Record the transactions below in the T accounts. Place the letter of the transaction next to the entry. Foot and calculate the ending balances of the T accounts where appropriate. a. Tyler invested $6,500 in the bike service from his personal savings account. b. Bought office equipment for cash, $900. c. Performed bike service for a customer on account, $1,000. d. Company cell phone bill received, but not paid, $80. e. Collected $500 from customer in transaction c. f. Tyler withdrew $300 for personal use.
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Introduction to Accounting 4
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Introduction to Accounting 5 Assets = Liabilities + Equity Cash + Office Furniture Accounts Payable Brian Capital a. $10,000.00 $10,000.00 b . ($600.00) $600 c. $300 $300 d . ($200.00) ($200) Benson Company Trial Balance June 30, 20xx Category Debit Credit Cash $1,370.00 Benson, Withdrawals $500 Accounts Payable $770 Accounts Receivable $1,600.00 Office Equipment $900.00 Service Fees $2,730.00 Benson, Capital $1,500.00 Salaries Expense $630.00 Total Amount $5,000.00 $5,000.00
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Introduction to Accounting 6 Cash 111 a- Capital $6,500.00 b- Office Equipment $900.00 e- Accounts Receivable $500 f- Tyler's Withdrawal $300.00 (c and d) $5,800.00 $7,000.00 $7,000.00 Office Equipment 112 b- Cash $900.00 Accounts Receivable 211 c- Service Revenue $1,000.00 e- Cash $500.00 (c and d ) $500.00 $1,000.00 $1,000.00 Accounts Payable 111 d- Phone Expense $80.00
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Introduction to Accounting 7 Tyler's Capital 311 a-Cash $6,500.00 Bike Fees 411 c- Accounts Receivable $1,000.00 Tyler's Withdrawals 312 f- Cash $300.00 Telephone Expenses 512 d- Phone Payable $80.00
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