Assignment 8. (Part A) |DATE. |PARTICULARS. |DEBIT AMOU

Added on - 18 Sep 2019

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Assignment 8(Part A)DATEPARTICULARSDEBITAMOUNT($)CREDIT AMOUNT($)October 2Cash- Capital50005000October 8Supplies- Accounts Payable100100October10Salaries- Cash700700October15Accounts Payable- Cash100100October21Telephone Expenses-Outstanding TelephoneExpenses3030TOTAL59305930(Part B)DATEPARTICULARSP.RDEBITCREDIT
AMOUNT($)AMOUNT($)(a)Accounts Receivable-Sales(Being fees earned but not yet received)70007000(b)Equipment-Cash-Creditor for Equipment(Being equipment purchased partially incash and credit)450002000025000(c)Rent expense-Cash(Being rent paid for the month ofJanuary)30003000(d)Supplies-Accounts Payable(Being supplies purchased on account)25002500(e)Cash-A. Allen’s Capital(Being investment made in thecompany)10001000(f)Cash-Accounts Receivable(Being cash received for fees earnedpreviously)70007000(g)Accounts Payable-Cash12001200
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