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The Following Transactions Occurred During June for Campus Cycle Shop Cash 111 \begin{array}{l}\text {Cash 111 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array}

Question 21

Essay

The following transactions occurred during June for Campus Cycle Shop. Record the transactions below in the T accounts. Place the letter of the transaction next to the entry. Foot and calculate the ending balances of the T accounts where appropriate.
a. Tyler invested $6,500 in the bike service from his personal savings account.
b. Bought office equipment for cash, $900.
c. Performed bike service for a customer on account, $1,000.
d. Company cell phone bill received, but not paid, $80.
e. Collected $300 from customer in transaction c.
f. Tyler withdrew $100 for personal use. Cash 111 \begin{array}{l}\text {Cash 111 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array} Accounts Reœeivable 112 \begin{array}{l}\text {Accounts Reœeivable 112 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array} Office Equipment 112 \begin{array}{l}\text {Office Equipment 112 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array} Accounts Payable 211 \begin{array}{l}\text {Accounts Payable 211 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array} Tyler’s Capital 311 \begin{array}{l}\text {Tyler's Capital 311 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array} Tyler’s Withdrawals 312 \begin{array}{l}\text {Tyler's Withdrawals 312 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array} Bike Fees 411 \begin{array}{l}\text {Bike Fees 411 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array} Telephone Expense 512 \begin{array}{l}\text {Telephone Expense 512 }\\\begin{array} { l | l r } \hline& \\&\end{array}\end{array}

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