Monday
December 22, 2014

Homework Help: accounting

Posted by laura on Tuesday, September 29, 2009 at 1:11am.

Tracy Migre, a certified public accounting, has completed the following transactions. Ms.Migres assests , liabilites, and owner equity account titles and balances are shown in the table below. use the table on the page to show the effect of each transaction.

Transactions:
1)Owner invested additional cash in the buissness,$ 5,000.

2)Paid telephone bill,$600 .

3)Wrote a check to a creditor as partial payment on account,$500.

4)bought supplies on account, $150.

5)Recieved a check for accounting services, $300.

6)Owner invested office equipment in the bussines,$2,500.

7)Completed accounting services and agreed to accept payment later,$900.

8)Withdrew cash from the buissness for personal use,$2,000.

9)Recieved a check as partial payment on account $450.

BIG TIP:each transaction has two entries.Dont forget beginning balances.

(Cash in bank) (accts rec.)(equipment)
$5,000 $900 $14,000

(Supplies) (accts payable) (T.Migre
$1,500 $3,000 capital)
$18,400

1.theres a chart over here a line here
New bal.and here same to the rest.like this.then lines down to part the boxes by 6.can you help me out.theres 18 boxes and 6 colums.
2)________________________________
New bal.__________________________
3)__________________________________
New bal______________________________
4)________________________________-
New bal._________________________
5)________________________________
New bal.______________________________-
6)__________________________________
New bal________________________-
7)______________________________
New bal._____________________________-
8)_____________________________________
New bal._______________________
9)_____________________________
New bal._______________________________
please i really need this help thank you so much.

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