Asked by chris
I need to make a t account for accounting homework. The statements are from 2009?
Earned revenues for 2009 of 55,000 including 8,000 on credit and 47,000 cash.
Received a 3,000 deposit from hospital to start January 5, 2010.
Purchased supplies on account for future use. 7,000
Earned revenues for 2009 of 55,000 including 8,000 on credit and 47,000 cash.
Received a 3,000 deposit from hospital to start January 5, 2010.
Purchased supplies on account for future use. 7,000
Answers
Answered by
Jake
credit revenue $55,000
Debit A/R $8,000
Debit Cash $47,000
Debit Cash $3,000
Credit Unearned Revenue $3,000
Debit Expense Account $7,000
Credit A/P $7,000
Debit A/R $8,000
Debit Cash $47,000
Debit Cash $3,000
Credit Unearned Revenue $3,000
Debit Expense Account $7,000
Credit A/P $7,000
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