Show:
Assets
Liabilities
Revenues
Expenses
Mixed Transactions
100

A company purchases $200 office supplies with cash.

Office Supplies           200

     Cash                            200

100

Borrowed $10,000 cash from the bank, signing a note payable.

cash.                10000

    notes payable         10000

100

Performed $500 of services on account.

accounts receivable.    500

        revenue.                    500 

100

Paid $250 cash for utilities.

utilities expense.      250

        cash.                      250


100

Owner invests $5,000 cash in the business.

cash.                     5000

contributed capital          5000

200

A company paid $1000 cash for new equipment.

PP&E          1000

     Cash              1000

200

Purchased $400 of office supplies on account.

office supplies          400

    accounts payable         400

200

Collected $600 cash from a customer for services previously performed.

cash.                          600

     accounts receivable       600 

200

Paid $400 cash for rent expense.

rent expense.    400

      cash.                 400

200

Paid $1,000 cash dividend to stockholders.

dividend .    1000

      cash.             1000

300

Received $3,000 cash from a customer for services performed.

Cash              3000

     Revenue            3000    

300

Paid $500 cash to a supplier to reduce accounts payable.

Accounts payable   500

       cash                      500

300

The company earned $2,000 in service revenue, cash received immediately.

cash            2000 

     revenue.         2000

300

Paid employees $2,000 in wages.

wages expense.    2000

        cash.                    2000


300

Purchased $1,200 equipment: paid $200 cash, remainder on account.

PP&E.              1200

   cash.                     200

   accounts payable    1000

400

Company buys $5,000 equipment on account.

PP&E.                      5000

     accounts payable         5000 

400

Received $1,200 cash in advance from a customer for future services.

cash.                         1200

     unearned revenue           1200

400

Provided $1,500 in services on credit; the customer will pay later.

accounts receivable    1500

       revenue.                     1500

400

Incurred $300 advertising expense on account.

advertising expense.   300

       accounts payable.       300

400

Paid $300 cash for last month’s utilities payable.

accounts payable.   300

       cash.                     300

500

Prepaid $600 for insurance for next month.

prepaid insurance      600

     cash                          600         

500

Accrued $800 in wages payable at the end of the month.

wage expense        800

      wages payable.       800

500

Earned $5,000 in revenue, but the payment will be received next month.

accounts receivable 5000

       revenue.                  5000

500

Recognized $1,000 depreciation expense on equipment.

depreciation expense.            1000

      accumulated depreciation.        1000

500

Company performed $2,000 of services: received $1,500 cash now, $500 on account.

cash.                        1500

accounts receivable    500

         revenue                     2000