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Acc 225 Week 2 Essay

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Below is an essay on "Acc 225 Week 2" from Anti Essays, your source for research papers, essays, and term paper examples.

Exercise 2-4 |
Date | | Explanation | Debit | Credit |
August | 1 | CashEquipment   Hashim Paris, owner   Owner invested | $7, 500$32, 500 | $40, 000 |
| 1 | Insurance policy   Cash | $3, 000 | $3, 000 |
| 5 | Office Supplies   Cash     Purchased | $1,400 | $1, 400 |
| 20 | Cash   Received in photography fees         earned. | $2,650 | $2,650 |
| 31 | Utilities   Cash | $875 | $875 |

EXERCISE 2-5 |
| Debit | Credit |
Cash | $4, 875 | |
Office Supplies | $1, 400 | |
Prepaid Insurance | $3, 000 | |
Photography Equipment | $32, 500 | |
H. Paris, Capital | | $40, 000 |
Photography Fees Earned | | $2, 650 |
Utilities Expense | $875 | |
Totals | $42, 650 | $42, 650 |

Problem 2-2A |
Date | Description | Debit | Credit |
a | CashOffice EquipmentDrafting Equipment       S. Shelton, Capital | $105, 000$6, 000$45, 000 | $156, 000 |
b | Land   Cash   Notes Payable | $54, 000 | $4,500$48, 600 |
c | Building   Cash | $75, 000 | $75, 000 |
d | Prepaid Insurance   Cash | $6,000 | $6, 000 |
e | Cash   Engineering Fees | $5, 700 | $5, 700 |
f   | Drafting Equipment   Cash   Notes Payable | $22, 500 | $10, 500$12, 000 |
g | Accounts Receivable   Engineering Fees | $12, 000 | $12, 000 |
h | Office Equipment     Accounts Payable | $2,250 | $2, 250 |
i | Accounts Receivable     Engineering Fees | $18, 000 | $18, 000 |
j | Equipment Rental Expenses     Accounts Payable | $1, 200 | $1, 200 |
k | Cash   Accounts Receivable | $7, 200 | $7, 200 |
l | Wages Expense     Cash | $1, 500 | $1, 500 |
m | Account Payable   Cash | $2, 250 | $2, 250 |
n | Repairs Expense     Cash | $675 | $675 |
o | S. Shelton, Withdrawals     Cash | $9, 360 | $9, 360 |
p | Wages Expense     Cash | $1, 500 | $1, 500 |
q | Advertisements       Cash | $3, 000 | $3, 000 |

| Debit | Credit |
Accounts Receivable | $22, 800 | |
Prepaid Insurance | $6, 000 | |
Office Equipment | $8, 250 | |
Drafting Equipment | $67, 500 | |...

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"Acc 225 Week 2". Anti Essays. 15 Dec. 2018

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Acc 225 Week 2. Anti Essays. Retrieved December 15, 2018, from the World Wide Web: http://snehaedu.com/free-essays/Acc-225-Week-2-358377.html