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UndeadDelta
UndeadDelta
13.01.2021 • 
Mathematics

INSTRUCTIONS: On a separate paper, prepare a T-Account for each account listed below. (10 pts.)
Analyze and record each of the following business transactions in the appropriate T-accounts. Identify each transaction by number. (16 pts.)
After recording all transactions, compute and record each account balance appropriately. (10 pts.)
Be sure your accounting equation is accurate and is in balance. (13 pts.)

Chart of Accounts
101 Cash in Bank
110 Accounts Receivable, Roger McFall
125 Office Equipment
130 Office Furniture
135 Computer Equipment
201 Accounts Payable, Computer Warehouse, Inc.
205 Accounts Payable, Pro Computer Company
301 Pamela Wong, Capital
305 Pamela Wong, Withdrawals
400 Print revenue
500 Utility Expense

Transactions 16 Points
Pamela Wong invested additional assets in the business: cash $30,000 and office equipment $1,500. Memorandum 75
2. Purchased a desk worth $500. Check 910
3. Purchased a $3,600 computer system from Computer Warehouse, Inc. on account. Invoice CW204
4. Completed print production for Roger McFall. Sent him a bill for $600. Invoice TG601
5. Pamela Wong withdrew $2,000 from the business. Check 913
6. Received $300 from Roger McFall to apply to his account. Receipt 311
7. Issued check 914 for $1,800 to Computer Warehouse, Inc. to apply on account.
8. Paid $600 to Premier Painters for painting the office. Check 912

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