Scribd
Upload
16 views4 pages

Accounting Individual Work 1

Uploaded by

Kerim Allahverdiyev
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
16 views4 pages

Accounting Individual Work 1

Uploaded by

Kerim Allahverdiyev
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
You are on page 1/ 4

The owner invests $10,000 cash into the business.

The business purchases equipment for $5,000 in cash.


The business buys $1,000 worth of supplies on credit.
The business provides services and receives $2,500 cash from a customer.
The business pays $800 in cash for rent.
The business incurs a $150 utilities expense, to be paid later.
The business pays off $500 of its accounts payable.
The owner withdraws $1,200 from the business for personal use.
The business pays $1,000 in wages to employees.
The business takes out a $3,000 loan from the bank
Cash Owners Capital Equipment
Debet Credit Debet Credit Debet
10000 5000 10000 5000
2500 800
3000 500
1200 Revenue Rent Expense
1000 Debet Credit Debet
2500 800

Payable Owners Drawing Wages/Salaries


Debet Credit Debet Credit Debet
1000 1200 1000
150
500
Equipment Supplies
Credit Debet Credit
1000

Rent Expense Utilities Expense


Credit Debet Credit
150

Wages/Salaries Bank Loan


Credit Debet Credit
3000
Debit Credit
Cash 15500 8500
Supplies 1000
Equipment 5000
Payable 500 1150
Owners Capital 10000
Owners Drawings 1200
Revenue 2500
Salaries and Wages Expense 1000
Rent Expense 800
Utility Expense 150
Bank Loan 3000
25150 25150

You might also like