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Mastery Problem: Analyzing Transactions

This document analyzes transactions by breaking them down into debit and credit parts. It contains various accounts including Cash, Accounts Receivable for two customers, Supplies, Prepaid Insurance, Accounts Payable for two vendors, and several expense accounts. The transactions are recorded through numeric references that debit or credit the various accounts.

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14K views4 pages

Mastery Problem: Analyzing Transactions

This document analyzes transactions by breaking them down into debit and credit parts. It contains various accounts including Cash, Accounts Receivable for two customers, Supplies, Prepaid Insurance, Accounts Payable for two vendors, and several expense accounts. The transactions are recorded through numeric references that debit or credit the various accounts.

Uploaded by

api-358890548
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

2-5 Mastery Problem

Analyzing transactions into debit and credit parts

Cash
### $ 2,700.00 ### $ 500.00
### $ 850.00 ### $ 300.00
### $ 1,900.00 ### $ 275.00
### $ 900.00 ### $ 75.00
### $ 500.00 ### $ 25.00
### $ 200.00 ### $ 50.00
### $ 55.00
### $ 95.00
### $ 400.00

AR- Alston Golf


(8) 700 (13) 500

AR- Josie Leveson


(25) 450 (30) 200

Supplies
(3) 300
(9) 200
(12) 130

Prepaid Insurance
(5) 275
AP- North End Supplies
(12) 130

AP- Bethany Supplies


(16) 50 (9) 200
Vickie Lands, Capital
### $ 2,700.00 Assest =
### $ 1,900.00 Debits minus Credits
L+OE

Sales
### $ 850.00
### $ 700.00
### $ 900.00
### $ 450.00

Advertising Expense
(23) 95

Miscellaneous Expense
(15) 25

Rent Expense
(2) 500

Repair Expense
(10) 75
Utilities Expense
(22) 55

Vickies Drawing
(26) 400

2-5 Mastery Problem Analyzing transactions into debit and credit parts Cash ### $ 2,700.00 ### $
AP- North End Supplies (12) 130 AP- Bethany Supplies (16) 50 (9) 200
Vickie Lands, Capital ### $ 2,700.00 Assest = ### $ 1,900.00 Debits minus Credits L+OE
Utilities Expense (22) 55 Vickies Drawing (26) 400

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