7 Cash 12750 Accounts receivable 12750 To record collections from customers 8

7 cash 12750 accounts receivable 12750 to record

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(7) Cash 12,750 Accounts receivable 12,750 To record collections from customers. (8) Delivery expense 650 Cash 650 To record payment of rent expense .
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P2-13A To record payment of delivery expense. (9) Salaries expense 4,600 Cash 4,600 To record salaries expense. (10) Advertising expense 600 Accounts payable 600 To record advertising expense to be paid following month. (11) Utilities expense 250 Cash 250 To record utilities for July. (12) Dividends 2,000 Cash 2,000 To record payment of dividends. (13) Supplies expense 2,260 Accounts payable 2,260 To record supplies expense for the month. (14) Equipment 6,300 Cash 6,300 To record purchase of computer.
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P2-13A T-Accounts Cash Accounts Receivable Equipment Beg $6,800 510 (1) Beg 9,800 7,100 (2) (14) 6,300 (2) 7,100 1,800 (3) (4) 16,550 12,750 (7) (5) 1,200 1,400 (6) Bal 6,500 (7) 12,750 650 (8) 4,600 (9) 250 (11) 2,000 (12) 6,300 (14) Bal $10,340 Notes Payable Accounts Payable Common Stock (3) 1,800 3,300 Beg (6) 1,400 $2,100 Beg 2,000 Beg 1,500 Bal 600 (10) 2,260 (13) $3,560 Bal Retained Earnings Dividends Service Fees Earned 9,200 Beg (12) 2,000 16,550 (4) 1,200 (5) 17,750 Bal Rent Expense Salaries Expense Delivery Expense (1) 510 (9) 4,600 (8) 650 Advertising Expense Utilities Expense Supplies Expense (10) 600 (11) 250 (13) 2,260
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P2-13A b. ART GRAPHICS Trial Balance July 31, 2018 Debit Credit Cash $10,340 Accounts receivable 6,500 Equipment 6,300 Accounts payable $3,560 Notes payable 1,500 Common stock 2,000 Retained Earnings 9,200 Dividends 2,000 Service fees earned 17,750 Rent expense 510 Salaries expense 4,600 Delivery expense 650 Advertising expense 600 Utilities expense 250 Supplies expense 2,260 Totals $34,010 $34,010
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  • Fall '09
  • Fry
  • Generally Accepted Accounting Principles, invoice, Accounting software, $2,100

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