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Homework Help Forum: accounting
Posted by john on Wednesday, September 30, 2009 at 1:51am.
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.
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