Homework Help Forum: i need help accounting

Posted by laura on Tuesday, September 29, 2009 at 6:27pm.

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. theres a chart but i wouldnt post here the chart is 18 boxes and 6 colums the first box is empty than the second box your suppose to right the new balance i really need help please help me out.

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