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Analyze the Following Transactions Using the T Account Approach Cash \begin{array}{cc}\text {Cash }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}

question 64

Essay

Analyze the following transactions using the T account approach.Place the dollar amounts on the debit and credit sides.Indicate next to each entry the number for that transaction.After all transactions have been recorded,foot the accounts where necessary and enter the balance in the proper place for each account.
1.Nick Bowman invested cash of $12,000 in the business.
2.Received and paid utility bill of $125.
3.Bought $300 of supplies on account.
4.Sold services worth $2,500 to customers on account.
5.Received cash payment of $800 from credit customers.
Cash \begin{array}{cc}\text {Cash }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array} Accounts Receivable \begin{array}{cc}\text {Accounts Receivable }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array} Supplies \begin{array}{cc}\text {Supplies }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array} Accounts Payable \begin{array}{cc}\text {Accounts Payable }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array} Owner’s Capital \begin{array}{cc}\text {Owner's Capital }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array} Utilities Expense \begin{array}{cc}\text {Utilities Expense }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array} Revenue \begin{array}{cc}\text {Revenue }\\\hline\begin{array}{ll|l}& \\\end{array}\end{array}

Distinguish between workers with full and limited rights to refuse unsafe work.
Learn the goals and expectations of workers' compensation and health and safety committees.
Understand the impact of work schedules on employee fatigue and the outcomes of effective health programs.
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Definitions:

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