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October 22, 2014

Homework Help: someone answer please

Posted by laura on Tuesday, September 29, 2009 at 7:03pm.

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/table 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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