Davis deposited $20,000 in a bank in the name of the business
a. Davis deposited $20,000 in a bank in the name of the business.
b. Bought office equipment on account from Starkey Equipment Company, $4,120.
c. Davis invested her personal photographic equipment , $5,370. ( Increase the account Photo Equipment and increase the account S. Davis, Capital)
d. Paid the rent for the month, $1,500, Ck. No. 1000 (Rent Expense).
e. Bought supplies for cash, $215, Ck. No. 1001.
f. Bought insurance for two years, $1,840, Ck. No. 1002.
g. Sold graphic services for cash, $3,616 (Professional Fees).
h. Paid the salary of part-time assistant, $982, Ck. No. 1003 (Salary Expense).
i. Received and paid the bill for telephone service, $134, Ck. No. 1004 (Telephone Expense).
j. Paid cash for minor repairs to graphics equipment, $185, Ck. No. 1005 (Repair Expense).
k. Sold graphic services for cash, $3,693 (Professional Fees).
l. Paid on account to Starkey Equipment Company, $650, Ck. No. 1006.
m. Davis withdrew cash for personal use, $1,800, Ck. No. 1007.
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Please help find the formula for this t account
Answers
Status NEW
Posted 28 May 2017 08:05 AM
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file 1495959308-Answer.docx preview (335 words )
a-----------. D-----------avi-----------s d-----------epo-----------sit-----------ed -----------$20-----------,00-----------0 i-----------n a----------- ba-----------nk -----------in -----------the----------- na-----------me -----------of -----------the----------- bu-----------sin-----------ess-----------. -----------b. -----------Bou-----------ght----------- of-----------fic-----------e e-----------qui-----------pme-----------nt -----------on -----------acc-----------oun-----------t f-----------rom----------- St-----------ark-----------ey -----------Equ-----------ipm-----------ent----------- Co-----------mpa-----------ny,----------- $4-----------,12-----------0. ----------- c.----------- Da-----------vis----------- in-----------ves-----------ted----------- he-----------r p-----------ers-----------ona-----------l p-----------hot-----------ogr-----------aph-----------ic -----------equ-----------ipm-----------ent----------- , -----------$5,-----------370-----------. (----------- In-----------cre-----------ase----------- th-----------e a-----------cco-----------unt----------- Ph-----------oto----------- Eq-----------uip-----------men-----------t a-----------nd -----------inc-----------rea-----------se -----------the----------- ac-----------cou-----------nt -----------S. -----------Dav-----------is,----------- Ca-----------pit-----------al)----------- d-----------. P-----------aid----------- th-----------e r-----------ent----------- fo-----------r t-----------he -----------mon-----------th,----------- $1-----------,50-----------0, -----------Ck.----------- No-----------. 1-----------000----------- (R-----------ent----------- Ex-----------pen-----------se)-----------. -----------e. -----------Bou-----------ght----------- su-----------ppl-----------ies----------- fo-----------r c-----------ash-----------, $-----------215-----------, C-----------k. -----------No.----------- 10-----------01.----------- f-----------. B-----------oug-----------ht -----------ins-----------ura-----------nce-----------
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