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Temp Account Assignment

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Using the information from the chart of accounts, put each account on top of
a T-Account in the form attached.
Using the Beginning Balance Sheet, write the balance on the correct side of
the T-Accounts
Analyze each of the following transaction into debits and credits.
Insert the amounts on the correct side of the appropriate T-Accounts, using
the transaction number.

Paid cash for telephone bill, $50.00


Received cash from the days delivery revenue, $510.00
Paid cash for gas and oil used in the delivery truck, $72.00
Paid cash for a new fax machine, $300.00
Received cash from the owner as an additional investment in the business,
$1000.00
6. Paid cash for washing the delivery truck, $20.00
7. Received cash from the days delivery revenue, $420.00
8. Paid cash for cleaning clothes used on truck $9.00
9. Paid cash for part of amount owed to XL Motors $500.00
10.Paid cash for new electronic calculator for use in the office $190.00
11.Paid cash for the telephone bill $75.00
12.Received cash from the days delivery revenue, $590.00
13.Paid cash for gas and oil used in the delivery truck $93.00
14.Paid cash to the owner for personal use $100.00
15.Paid cash for advertising in the local newspaper, $35.00
16.Paid cash for new delivery equipment, $400.00
17.Received cash from the days delivery revenue, $395.00
18.Paid Cash for a new printer for the business, $600.00
19.Received Cash from customer, $100.00
20.Paid Cash to the owner for personal use, $150.00

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