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heroxtree
18.03.2021 •
Mathematics
Record the following selected transactions for January in a two‐column journal.
(a) Earned $7,000 fees; customer will pay later.
(b) Purchased equipment for $45,000, paying $20,000 in cash and the remainder on credit
(c) Paid $3,000 for rent for January.
(d) Purchased $2,500 of supplies on account.
(e) A. Allen $1,000 investment in the company.
(f) Received $7,000 in cash for fees earned previously.
(g) Paid $1,200 to creditors on account.
(h) Paid wages of $6,250.
(i) Received $7,150 from customers on account.
(j) A. Allen withdrawal of $1,750.
4. For part (j), which accounts are affected?
A.Supplies, Allen, Capital and Cash
B.Accounts Receivable and Cash
C.Cash and Accounts Receivable
D.Allen, Withdrawal and Cash
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Ответ:
B.
Step-by-step explanation:
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