1. Analyzing Transactions into T-Accounts
Chapter 2-Notes
Analyzing Transactions into T-Accounts
Pg. 37 in the book---Working Together 2-2
Pg. 23 in the workbook

2. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 1 Received cash from owner as an additional investment,
$5000.
Cash
K. Bergum, Capital
5000
5000

3. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 2 Paid cash for supplies, $50.
Cash
Supplies 50 50

4. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 5 Paid cash for insurance, $75.
Prepd. Insurance
Cash 75 75

5. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 6 Bought supplies on account from Bales Supplies, $100.
Supplies
Acts. Pay.--Bales
100
100

6. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 9 Paid cash on account to Bales Supplies, $50.
Acts. Pay.--Bales
Cash 50 50

7. Pg. 44 in the book --- Working Together 2-3
Need T-Accounts from the Teacher
All transactions effecting cash will go in one cash account;
There will not be 2 separate T-accounts per transaction.

8. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 10 Received cash from sales, $600
Cash
Acts. Pay.-Bales
Advertising Exp.
10) 600
K. Bergum, Capital
Acts. Rec.-Erickson
Rent Expense
K. Bergum, Drawing
Supplies
Sales
Prepd. Insurance
10) 600

9. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 11 Sold services on account to S. Erickson, $850.
Cash
Acts. Pay.-Bales
Advertising Exp.
10) 600
K. Bergum, Capital
Acts. Rec.-Erickson
Rent Expense
11) 850
K. Bergum, Drawing
Supplies
Sales
Prepd. Insurance
10) 600
11) 850

10. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 14 Paid cash for rent, $250.
Cash
Acts. Pay.-Bales
Advertising Exp.
10) 600
14) 250
K. Bergum, Capital
Acts. Rec.-Erickson
Rent Expense
11) 850
K. Bergum, Drawing
14) 250
Supplies
Sales
Prepd. Insurance
10) 600
11) 850

11. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 18 Received cash on account from S. Erickson, $425.
Cash
Acts. Pay.-Bales
Advertising Exp.
10) 600
14) 250
18) 425
K. Bergum, Capital
Acts. Rec.-Erickson
Rent Expense
11) 850
18) 425
K. Bergum, Drawing
14) 250
Supplies
Sales
10) 600
Prepd. Insurance
11) 850

12. Cash, Accounts Receivable-S. Erickson, Supplies, Prepaid Insurance,
Accounts Payable-Bales, K. Bergum, Capital, K. Bergum, Drawing,
Sales, Advertising Exp., and Rent Expense
April 20 Paid cash to owner for personal use, $300.
Cash
Acts. Pay.-Bales
Advertising Exp.
10) 600
14) 250
18) 425
20) 300
K. Bergum, Capital
Acts. Rec.-Erickson
Rent Expense
11) 850
18) 425
K. Bergum, Drawing
14) 250
Supplies
20) 300
Sales
10) 600
Prepd. Insurance
11) 850

13. Cash Donations are Accepted
Your Welcome
Cash Donations are Accepted