Selected transactions for Bonnie Donne Company during its first month in husiness are as follows. Sept. 1 Invested $10.000cashin the business. Purchased equipment for $14,000 paying $4.000 in cashand the balance on account. 25 Paid $3.000 cash on balance owed for equipment. Withdrew $900 cash far personal use. 30 Donne's chart of accounts shows No. 101 Cash, No. 157 Equipment, No 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Owner's Drawings. (a) Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter O for the gmounts.) Date Account Titles and Explanation Debit Credit

Selected transactions for Bonnie Donne Company during its first month in husiness are as follows. Sept. 1 Invested $10.000cashin the business. Purchased equipment for $14,000 paying $4.000 in cashand the balance on account. 25 Paid $3.000 cash on balance owed for equipment. Withdrew $900 cash far personal use. 30 Donne's chart of accounts shows No. 101 Cash, No. 157 Equipment, No 201 Accounts Payable, No. 301 Owner's Capital, and No. 306 Owner's Drawings. (a) Journalize the transactions. (List all debit entries before credit entries. Credit account titles are automatically indented when amount is entered. Do not indent manually. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry for the account titles and enter O for the gmounts.) Date Account Titles and Explanation Debit Credit

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter7: Accounting Information Systems

Section: Chapter Questions

Problem 5EA: Catherines Cookies has a beginning balance in the Accounts Payable control total account of $8,200....

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