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The following transactions occurred during January for Cindy's Designer Service:
a. Cindy invested $5,000 in the design service from her personal savings account.
b. Bought office equipment for cash, $1,000.
c. Performed designer service for a customer on account, $800.
d. Telephone expense due but unpaid, $80.
e. Collected $100 from customer in transaction c.
f. Cindy withdrew $70 for personal use.
Required:
1. Record the above transactions in the following T accounts.
(Place the letter of the transaction next to the entry.)
2. Foot the T accounts where appropriate.
Cognitive Psychologists
Scientists who study mental processes such as perception, memory, language, problem-solving, and thinking.
Cognitive Processes
Mental activities involved in acquiring, processing, and storing knowledge, such as perception, memory, and reasoning.
Titchener
A psychologist who founded structuralism, focusing on breaking down mental processes into the most basic components.
Health Psychologists
Professionals who specialize in understanding how biological, psychological, and social factors influence health and illness.
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