Answered Essay: Identifying increases and decreases in accounts and normal balances Insert the missing information into the acco

3 Identilying increases and decreases in accounts and Insert the missing 92 chapter E2-13 Identifying inno the accouncing equation. Signify increase Learning Objective 2 E2-17 and decreases as Dect ASSETS detit l cedit ニloo 曾ㄒㄧ u: l crest e iC.it pi 1 Credt Use Learning Objective 3 E2-14 Idenifying source documents For cach transaction, identify a possible source document. The business received $20,000 cash and gave capital to the owner. b. Purchased office supplies on account, $500 Recorded S1,000 revenue for services rendered to customers. Learning Objective3 E2-15 Analyzing and journaliring transactions As the manager of Margaritca Mexican Retaurant, you must deal with a var transactions. Provide an explanation for the following transactions: a. Debit Equipment and credit Cash. b. Debit Fleming, Wichdrawals and credit Cash · Debit Wages Payable and credit Cash. d. Debit Equipment and credit Fleming, Capital. e. Debir Cash and credit Unearned Revenue. f. Debit Advertising Expense and credit Cash. g Debit Cash and credit Service Revenue Use the following information to answer Exercises E2-16 and E2-17 The following transactions occurred for London Engineering M2 Received $12,000 contribution from Brett London, owner, in exchange for capital 4 Paid utlities expense of $410 s Purchased equipment on account, $2,200. 10 Performed services for a cient on account, $2,800 2 Borrowed $7,500 cash, signing a notes payable. 19 The owner, Brett London, withdrew $750 cash from the business. 21 Purchased office supplies for $860 and paid cash. 27 Paid the iabilty from July 5 Learning Objective 3 E2-16 Analyzing and journalizing transactions Journalize the transactions of London Engineering, Include an explanation with each journal entry. Use the following accounts: Cash; Accounts Receivable; Office Supplies: Equipment:, Accounts Payable; Notes Payable: London, Capital: London. Withdrawals: Service Revenue; Udlities Expense.

Identifying increases and decreases in accounts and normal balances Insert the missing information into the accounting equation. Signify increase and decrease as Dect. Identifying source documents For each transaction, identify a possible source document. a. The business received $20,000 cash and gave capital to the owner. b. Purchased office supplies on account, $500 c. Recorded $1,000 revenue for services rendered to customers. Analyzing and journalizing transactions As the manager of Margarica Mexican Restaurant, you must deal with a variety of transactions. Provide an explanation for the following transactions: a. Debit Equipment and credit Cash. b. Debit Fleming, Withdrawals and credit Cash. c. Debit Wages Payable and credit Cash. d. Debit Equipment and credit Fleming, Capital. e. Debit Cash and credit Unearned Revenue. f. Debit Advertising Expense and credit Cash. g Debit Cash and credit Service Revenue. Use the following information to answer Exercises E2-16 and E2-17. The following transactions occurred for London Engineering: Jul, 2 Received $12,000 contribution from Brett London, owner, in exchange for capital 4 Paid Liabilities expense of $410. 5 Purchased equipment on account, $2,200. 10 Performed services for a client on account, $2,800. 12 Borrowed $7,500 cash, signing a notes payable. 19 The owner, Brett London, withdrew $750 cash from the business. 21 Purchased office supplies for $860 and paid cash. 27 Paid the liability from July 5 Analyzing and journalizing transactions Journalize the transactions of London Engineering, Include an explanation with each journal entry. Use the following accounts: Cash: Accounts Receivable: Office Supplies: Equipment: Accounts Payable: Notes Payable: London, Capital: London. Withdrawals: Service Revenue: Utilities Expense.

Expert Answer

 

Answer to Question E2-13

  1. Assets
  2. Owners’ Equity
  3. Accounts Payable
  4. Drawings
  5. Increase
  6. Increase
  7. Decrease
  8. Increase
  9. Increase
  10. Decrease
  11. Decrease
  12. Increase
  13. Decrease
  14. Credit
  15. Debit
  16. Debit
  17. Debit
  18. Debit
Buy Essay
Calculate your paper price
Pages (550 words)
Approximate price: -

Help Me Write My Essay - Reasons:

Best Online Essay Writing Service

We strive to give our customers the best online essay writing experience. We Make sure essays are submitted on time and all the instructions are followed.

Our Writers are Experienced and Professional

Our essay writing service is founded on professional writers who are on stand by to help you any time.

Free Revision Fo all Essays

Sometimes you may require our writers to add on a point to make your essay as customised as possible, we will give you unlimited times to do this. And we will do it for free.

Timely Essay(s)

We understand the frustrations that comes with late essays and our writers are extra careful to not violate this term. Our support team is always engauging our writers to help you have your essay ahead of time.

Customised Essays &100% Confidential

Our Online writing Service has zero torelance for plagiarised papers. We have plagiarism checking tool that generate plagiarism reports just to make sure you are satisfied.

24/7 Customer Support

Our agents are ready to help you around the clock. Please feel free to reach out and enquire about anything.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

HOW OUR ONLINE ESSAY WRITING SERVICE WORKS

Let us write that nagging essay.

STEP 1

Submit Your Essay/Homework Instructions

By clicking on the "PLACE ORDER" button, tell us your requires. Be precise for an accurate customised essay. You may also upload any reading materials where applicable.

STEP 2

Pick A & Writer

Our ordering form will provide you with a list of writers and their feedbacks. At step 2, its time select a writer. Our online agents are on stand by to help you just in case.

STEP 3

Editing (OUR PART)

At this stage, our editor will go through your essay and make sure your writer did meet all the instructions.

STEP 4

Receive your Paper

After Editing, your paper will be sent to you via email.

× How can I help you?