Apr 30th, 2015
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Exercise 2-6 a. 1. Increase the asset Cash, increase the liability Notes Payable. 2. Increase the asset Equipment, decrease the asset Cash. 3. Increase the asset Supplies, increase the liability Accounts Payable.

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ACC557 Week 2 HomeworkExercise 2-6a.1.Increase the asset Cash, increase the liability Notes Payable.2.Increase the asset Equipment, decrease the asset Cash.3.Increase the asset Supplies, increase the liability Accounts Payable.b.1.Cash.... 5,000Notes Payable5,0002.Equipment 2,500Cash2,5003.Supplies450Accounts Payable.450Exercise 2-9a.Cash Aug. 1 5,000Aug. 121,000102,70031 850Balance7,550Accounts ReceivableAug. 251,600Aug. 31 850Balance 750EquipmentAug. 125,000Notes PayableAug. 124,000Common StockAug.1 5,000Service RevenueAug.10 2,700 25 1,600Balance4,300(b)ROBERTA MENDEZ, INVESTMENT BROKERTrial BalanceAugust 31, 2014 Debit CreditCash$ 7,550Accounts Receivable750Equipment5,000Notes Payable$ 4,000Common Stock5,000Service Revenue 4,300$13,300$13,300Exercise 2-11 Debit CreditOct. 1 Cash5,000Common Stock5,000 (Issued shares of stock for cash)Oct.10 Cash650Service Revenue650 (Re

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