Accounting Chapter 2 Transactions

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Accounting Chapter 2 Transactions Powered By Docstoc
					Accounting Chapter 2 Transactions
Record the following transactions for Andes Industries
  1. August 10.    Received cash as an investment from the owner, John Eagle, $12,000.
  2. August 11.    Paid Cash for Supplies, $150.
  3. August 11.    Bought Supplies on account from Eagle Incorporated, $250.
  4. August 12.    Received cash from sales, $575.
  5. August 14.    Sold services on account to Pirates Corporation, $500.
  6. August 15.    Paid cash for rent, $1,000.
  7. August 15.    Received cash on account from Pirates Corporation, $300.
  8. August 16.    Paid cash for telephone bill, $125.
  9. August 20.    Paid cash to Eagle Incorporated to pay off balance, $250.
  10. August 21.   Received cash from sales, $680.
  11. August 22.   Paid cash to owner for personal use, $130.


  Create a Balance sheet for Andes Industries using today’s date.

				
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