Professional Documents
Culture Documents
Homework 3
Homework 3
Homework 3
Processing Transactions 1
3. Record Date Acccount Titles and Explanation PR Debit Credit Consulting Revenue 403
(1) Accounts Recivable 106 3,800 (1) 3,800
Consulting Reve. 403 3,800
3. Record Date Acccount Titles and Explanation PR Debit Credit Acounts Payable 201
(2) Supplies 126 1,200 (2) 1,200
Accounts Payable 201 1,200
3. Record Date Acccount Titles and Explanation PR Debit Credit Accounts Receivable 106
(3) Cash 101 2,300 (1) 3,800 (3) 2,300
Accounts Receivable 106 2,300
4. Payment on Supplies
1 Identify: The company paid $1,200 cash toward the payable for energy-efficient supplies.
4. Post
2. Analyze Assets = Liabilities + Equity Acounts Payable 201
Cash Accounts Payable (4) 1,200
-1,200 = -1,200 + 0
3. Record Date Acccount Titles and Explanation PR Debit Credit Cash 101
(4) Accounts Payable 201 1,200 (3) 2,300 (4) 1,200
Cash 101 1,200
3. Record Date Acccount Titles and Explanation PR Debit Credit Cash 101
(5) Utilities Expense 690 1,000 (3) 2,300 (4) 1,200
Cash 101 1,000 (5) 1,000
Balance 1,500
Utilties Expese 690
(5) 1,000
Supplies 124
(2) 1,200 Balance 1,000
$ 2,800 = $ - + $ 2,800
$ 2,800