LO 2 TAccounts, Normal Balance, and the Accounting Equation 2A. You are given th

Question

LO 2 TAccounts, Normal Balance, and the Accounting Equation 2A. You are given the following list of accounts with dollar amounts Rent Expense Cash Service Revenue T. Captain, Withdrawals Accounts Payable T. Captain, Capital 900 3,450 1,500 750 1,200 2,400 Insert each account name at the top of its corresponding T account and enter the dollar amount as a normal balance in the account. Then show that the accounting equation is in balance Continued) earning All Rights Reserved May not be copied, scanned or duplicated, in whole or in part Due electronic right», some third party coment may be euppreseliom the eBoek andar eChi ter a that any ?pressed content ees mot erially affect the overall learning experience. Cengage Learning reserves the right to remove addional contem at any time if subsequent nghts restrictions require it 1011/12 Chapter 2: Analyzing and Recording Business Transactions Owner's Equity Assets - Liabilities + T.Captain, -T.Captain, + Revenues - Expenses Capital Withdrawals

Explanation / Answer

As per policy, only one question is allowed to answer at a time, here solving 3 questions:

E4A) TRANS. CASH ADVAN RENT SUPPLIES equals CL MF CAPI SALES EXPENSES a 2400 equals 2400 b -1680 1680 equals c 120 equals 120 d 600 equals 600 e -120 equals -120 f -72 equals -72 g -100 equals -100 Total 1028 1680 120 equals 0 2300 600 -72 2828 equals 2828 E5A) DEBIT CREDIT a 5 1 b 1 2 c 5 1 d 3 5 e 2 6 f 8 1 g 1 6 h 7 1 i no entry j 4 1 P2) DEBIT CREDIT a 7 1 b 12 7 c 11 1 d 3 7 e 1 10 f 5 7 g 2 10 h 7 5 i 1 2 j 7 1 k no entry l 11 1 m 6 1 n 9 1

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