81) A chart of accounts is below. Following is a series of transactions. Indicate for each transaction the accounts that should be debited and credited by inserting the proper account number in the space provided.


111 Cash312 C. Webster, Withdrawals

112 Accounts Receivable411 Delivery Fees Earned

121 Delivery Equipment511 Salaries Expense

211 Accounts Payable512 Rent Expense

311 C. Webster, Capital513 Advertising Expense

514 Gas Expense


________________ 1. Invested cash in the business.

________________ 2. Received cash for delivery services performed.

________________ 3. Billed a customer for services performed.

________________ 4. Paid accounts payable.

________________ 5. Collected accounts receivable.

________________ 6. Withdrew cash for personal use.

________________ 7. Paid advertising expense.

________________ 8. Paid rent expense for the month.

________________ 9. Purchased delivery equipment on account.

________________ 10. Paid salaries for the week.


82) The following transactions occurred during June for Campus Cycle Shop. Record the transactions below in the T accounts. Place the letter of the transaction next to the entry. Foot and calculate the ending balances of the T accounts where appropriate.


a. Tyler invested $6,500 in the bike service from his personal savings account.

b. Bought office equipment for cash, $900.

c. Performed bike service for a customer on account, $1,000.

d. Company cell phone bill received, but not paid, $80.

e. Collected $500 from customer in transaction c.

f. Tyler withdrew $300 for personal use.


For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, and in Column 3 the financial statement that the account appears upon.



Column 1

Column 2

Column 3

Postage Expense








Column 1

Column 2

Column 3









Column 1

Column 2

Column 3









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