b Share Point Egryte Connect Securian Reti Procore Log In A Autodesk BIM 360 Fi.

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b Share Point Egryte Connect Securian Reti Procore Log In A Autodesk BIM 360 Fi.P Custom Notepads: 5 ps Assume the following August 31 balances: Cash, $35,000; Accounts receivable, $5,000; Cantu, Capital, $40,0o0 Sept. 1 Issued Check 1169 for $1,900 to pay the September rent. Sept. 5 Performed services for $3,000 in cash. Sept. 6 Performed services for $1,850 on credit. Sept. 10 Paid $700 for monthly telephone bill; issued Check 1170. Sept. 11 Paid for equipment repairs of $940 with Check 1171. Sept. 12 Received $3,700 on account from credit clients. Sept. 15 Issued Checks 1172-1177 for $4,70o for salaries. Sept. 18 Issued Check 1178 for $2,500 to purchase supplies Sept. 19 Purchased new tennis rackets for $2,750 on credit from The Tennis Supply Shop; received Invoice 3108, payable in 30 days. Sept. 20 Issued Check 1179 for $2,860 to purchase new nets. (Equip.) Sept. 21 Received $1,050 on account from credit clients. Sept. 21 Returned a damaged net and received a cash refund of $550. Sept. 22 Performed services for $3,360 in cash. Sept. 23 Performed services for $4,950 on credit. Sept. 26 Issued Check 1180 for $560 to purchase supplies. Sept. 28 Paid the monthly electric bill of $2,350 with Check 1181. Sept. 30 Issued Checks 1182-1187 for $4,700 for salaries. Sept. 30 Issued Check 1188 for $4,700 cash to Selena Cantu for personal expenses. GeneralLedger Journal e St of wner Equity General Trial Balance Statement Accounting Balance SheetEquation 25% of available points For each transaction, indicate the impact on total assets, total liabilities and total equity. Enter decreases as negative values. If there is no impact, either enter a 0, or leave cell blank. The system will calcula cumulative amounts in the bottom row. Upon completion, compare the totals to the balance sheet. Is your accounting equation in balance? te the Show less

Explanation / Answer

Journal Entries Date Account Title Debit Credit Sep-01 Rent Expense A/c $1900 To Bank A/c $1900 Sep-05 Cash A/c $3000 To Revenue A/c $3000 Sep-06 Amount Receivable A/c $1850 To Revenue A/c $1850 Sep-10 Telephone Bill A/c $700 To Bank A/c $700 Sep-11 Equipment Repairs A/c $940 To Bank A/c $940 Sep-12 Cash A/c $3700 To Amount Receivable A/c $3700 Sep-15 Salaries A/c $4700 To Bank A/c $4700 Sep-18 Raw Material A/c $2500 To Bank A/c $2500 Sep-19 Tennis Rackets A/c $2750 Tennis Super Shop A/c $2750 Sep-20 Equipment A/c (net) $2860 To Bank A/c $2860 Sep-21 Cash A/c $1050 To Account Receivable A/c $1050 Sep-21 Cash A/c $550 To Equipment A/c (net) $550 Sep-22 Cash A/c $3360 To Revenue A/c $3360 Sep-23 Account Receivable A/c $4950 To Revenue A/c $4950 Sep-26 Raw Material A/c $560 To Bank A/c $560 Sep-28 Electricity Expense A/c $2350 To Bank A/c $2350 Sep-30 Salaries A/c $4700 To Bank A/c $4700 Sep-30 Drawing A/c $4700 To Bank A/c $4700 Balance Sheet Total Assets         = Total Liabilities + Total Equity August 31 Balance 40,000.00 -   40,000.00 Sep-01 -1,900.00 -   -1,900.00 Sep-05 3,000.00 -   3,000.00 Sep-06 1,850.00 -   1,850.00 Sep-10 -700.00 -   -700.00 Sep-11 -940.00 -   -940.00 Sep-12 3,700.00 -   -   -3,700.00 -   -   Sep-15 -4,700.00 -   -4,700.00 Sep-18 -2,500.00 -   -2,500.00 Sep-19 2,750.00 2,750.00 -   Sep-20 2,860.00 -   -   -2,860.00 -   -   Sep-21 1,050.00 -   -   -1,050.00 -   -   Sep-21 550.00 -   -   -550.00 -   -   Sep-22 3,360.00 -   3,360.00 Sep-23 4,950.00 -   4,950.00 Sep-26 -560.00 -   -560.00 Sep-28 -2,350.00 -   -2,350.00 Sep-30 -4,700.00 -   -4,700.00 Sep-30 -4,700.00 -   -4,700.00 Totals 32,860.00 2,750.00 30,110.00

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