fa2-ex2-9

Fundamental Accounting Excercise 2-9

code: 11 Cash, 12 Accounts Receivable 13 Supplies, 14 Prepaid Rent, 15 Equipment, 21 Accounts Payable, 31 Owner's Equity

The numbers on the far left and right are the transaction numbers.

-- Choose a transaction -- 1) Invested $15,000 cash in the business 2) Paid $7,200 cash for six months’ rent 3) Purchased equipment for $7,000 cash 4) Purchased supplies on credit for $1,000 5) Completed legal work for a client and collected $6,000 cash 6) Withdrew $1,000 cash for personal use 7) Completed legal work for a client on credit, $3,000 8) Paid $900 to creditor on account 9) Received $2,500 cash from client on account 10) Paid salaries, $1,500 11) Paid utilities expense, $700

	A					=	L + OE
	11	12	13	14	15		21	31
1									1
2									2
3									3
4									4
5									5
6									6
7									7
8									8
9									9
10									10
11									11
						=