thalialex
Dec 6, 2012, 11:37 PM
Please, review if correct.
Thank you,
Completed the series of advertisements for Marsh Tire Company that began on January 31. Billed the company for the total services performed, $800.
Acc. rec. 800 debit
Service revenue 800 credit
Additional art equipment invested in the business by Joan Miller, $1,400
Art Equipment $1400 debit
Rusell, Capital 1,400 credit
Purchased copier from Morgan Equipment for $2100 paying $350 cash and agreeing to pay the rest in equal payments over the next 5 months.
Is it office equipment or just equipment $2100 debit
Cash 350 debit
Acc. Pay. $1750 credit
Thank you,
Completed the series of advertisements for Marsh Tire Company that began on January 31. Billed the company for the total services performed, $800.
Acc. rec. 800 debit
Service revenue 800 credit
Additional art equipment invested in the business by Joan Miller, $1,400
Art Equipment $1400 debit
Rusell, Capital 1,400 credit
Purchased copier from Morgan Equipment for $2100 paying $350 cash and agreeing to pay the rest in equal payments over the next 5 months.
Is it office equipment or just equipment $2100 debit
Cash 350 debit
Acc. Pay. $1750 credit