Jason Adams opened an accounting office on March 1st. During the first month of business, the following transactions occurred:

1. March 1st: Jason Adams invested $5,000 in his new business.
2. March 1st: Paid $750 for office rent for the month of March.
3. March 3rd: Purchased office equipment for $500 cash.
4. March 8th: Borrowed $5,000 cash from the bank as a note payable.
5. March 10: Performed $500 of accounting services on account.
6. March 13th: Performed $300 of accounting services, being paid cash.
7. March 20th: Received payment in cash from the March 10th transaction.
8. March 25th: Purchased $200 office supplies on account.
9. March 31st: Paid the following expenses: utilities $150, advertising expenses of $200.
10. March 31st: Jason withdrew $500 for personal use.

Post as double entries on t account

Question

08-06-2024
Business

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Jason Adams opened an accounting office on March 1st. During the first month of business, the following transactions occurred:

1. March 1st: Jason Adams invested $5,000 in his new business.
2. March 1st: Paid $750 for office rent for the month of March.
3. March 3rd: Purchased office equipment for $500 cash.
4. March 8th: Borrowed $5,000 cash from the bank as a note payable.
5. March 10: Performed $500 of accounting services on account.
6. March 13th: Performed $300 of accounting services, being paid cash.
7. March 20th: Received payment in cash from the March 10th transaction.
8. March 25th: Purchased $200 office supplies on account.
9. March 31st: Paid the following expenses: utilities $150, advertising expenses of $200.
10. March 31st: Jason withdrew $500 for personal use.

Post as double entries on t account

Sagot :

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