Number(s) Number(s)
of account(s) of account(s)
debited credited
1. Tom Klear invests $90,000 cash to start the business.
2. Purchased three photocopy machines for $200,000, paying
$50,000 cash and signing a 5-year,10% note for the remainder.
3. Purchased $5,000 paper supplies on credit.
4. Cash photocopy revenue amounted to $7,000.
5. Paid $500 cash for radio advertising.
6. Paid $800 on account for paper supplies purchased in transaction 3.
7. Owner withdrew $1,500 from the business for personal expenses.
8. Paid $1,200 cash for rent for the current month.
9. Received $2,000 cash advance from a customer for future
copying.
10. Billed a customer for $450 for photocopy work done.
Tags: