Maurice Tutor

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    Argosy University/ Phoniex University/
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    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Aug 2017 My Price 9.00

Desimone Auction Co

P2-61A (Learning Objectives 4, 5: Analyze the impact of business transactions on accounts; record (journalize and post) transactions in the books) During December, Desimone Auction Co. completed the following transactions:

 

 

Desimone’s business uses the following accounts: Cash, Accounts Receivable, Supplies, Land, Accounts Payable, Notes Payable, Common Stock, Dividends, Service Revenue, Salary Expense, Rent Expense, Advertising Expense, and Utilities Expense.

 

 

 

â–¶ Requirements

1.    Journalize each transaction of Desimone Auction Co. Explanations are not required.

2.  Post to these T-accounts: Cash, Accounts Payable, and Notes Payable.

3. After these transactions, how much cash does the business have? How much in total liabilities does it owe?

Answers

Maurice Tutor
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Status NEW Posted 23 Aug 2017 11:08 PM My Price 9.00

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