218. All nine transactions for Dalton Survey Company for September, the first month of operations, are recorded in the following T accounts:
Cash
Capital Stock
(1)
20,000
(3)
7,500
(1)
20,000
(7)
6,900
(5)
2,600
(9)
4,700
(6)
5,500
(8)
2,000
Accounts Receivable
Dividends
(4)
4,900
(9)
4,700
(8)
2,000
Supplies
Fees Earned
(3)
7,500
(4)
4,900
(7)
6,900
Equipment
Operating Expense
(2)
4,500
(6)
5,500
Accounts Payable
(5)
2,600
(2)
4,500
Indicate the following for each debit and each credit:
(a)
The type of account affected (asset, liability, equity, revenue, or expense).
(b)
The effect on the account, using + for increase and – for decrease.
Present your answers in the following form:
Account Debited
Accounted Credited
Transaction
Type
Effect
Type
Effect
219. On January 12th, JumpStart Co. purchased $870 in office supplies. (a) Journalize this transaction as if JumpStart paid cash.(b) (1) Journalize this transaction as if JumpStart placed it on account.(b) (2) On January 18th, JumpStart pays the amount due. Journalize this event.
220. On December 1st, JumpStart Company provides $2,800 in services to clients.(a) Journalize this event as if the clients had paid cash at the time the services were rendered.(b) (1) Journalize this event as if the clients had placed this on account.(b) (2) Assume that the clients paid $1,200 of the amount on account on December 30th. Journalize this transaction.
221. On November 10th, JumpStart Co. provides $2,900 in services to clients. At the time of service, the clients paid $600.00 in cash and put the balance on account.(a) Journalize this event.(b) On November 20th, JumpStart Co. clients paid an additional $900 on their accounts due. Journalize this event.(c) Calculate the amount of accounts receivable on November 30th.
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