Sherry1234
Jan 16, 2007, 01:29 PM
I would like to know how to enter the following statement into a Tabular analysis of July transactions beginning with June 30.
Cash+A/R+Supplies+Office Equip = Note Payable+A/P+Capital.
(1)Earned revenue of $7000 of which $2500 is collected in cash and the balance is due August.
(2)Received $300 from Standard Bank--money borrowed on a note payable.
(3) Collected $2000 of account receivables.
Please Help!
Cash+A/R+Supplies+Office Equip = Note Payable+A/P+Capital.
(1)Earned revenue of $7000 of which $2500 is collected in cash and the balance is due August.
(2)Received $300 from Standard Bank--money borrowed on a note payable.
(3) Collected $2000 of account receivables.
Please Help!