Test 1 study guide
Test 1 study guide ACCT 2003
Arkansas Tech University
Popular in Principals of Accounting 1
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This 5 page Study Guide was uploaded by Tiffany Notetaker on Sunday January 31, 2016. The Study Guide belongs to ACCT 2003 at Arkansas Tech University taught by Dr. alexander in Spring 2016. Since its upload, it has received 39 views. For similar materials see Principals of Accounting 1 in Accounting at Arkansas Tech University.
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Date Created: 01/31/16
Work required: 1. Journalized each entry 2. Post each entry 3. Trial balance 4. Financials January 2015 Transactions J. Ricky’s Piano service transactions for January 2015 Jan 1 Received a $500 deposit from a customer who wants her piano rebuilt. Jan 3 Delivered five rebuilt pianos to customers who paid $14,500 in cash. Jan 8 Delivered two pianos to customers for $7,000 charged on account. Jan 12 Received $6000 from customer as payment on account. Jan 14 Received utilities bill for $350 for January, to be paid in February. Jan 15 Paid $1700 on account. Jan 19 Paid $10,000 in wages for January work. Jan 23 Bought $800 of supplies with cash. Jan 29 Withdraw of $10,000 cash.
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