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The Following Transactions Occurred During June for Center City Cycle

question 82

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The following transactions occurred during June for Center City 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. invested $6500 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. withdrew $300 for personal use. The following transactions occurred during June for Center City 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. invested $6500 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. withdrew $300 for personal use.


Definitions:

Bromoacetone

An organic compound with the formula C3H5BrO, used in the past as a tear gas.

Bromodiiodomethane

A halogenated methanol compound with the formula CH2BrI2, often used in organic synthesis and as a dense fluid for mineral separation.

Necessary Reagents

Specific chemicals required to carry out a particular chemical reaction.

Acid-Catalyzed Halogenation

A chemical reaction where a halogen is introduced into an organic molecule with the aid of an acid catalyst.

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