November 24, 2015

Homework Help: 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.

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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