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    K Shaw Gilbert Cal

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    INP PAIN
    This document shows accounting transactions from November 1-30. It records cash payments and receipts, purchases and sales on credit, withdrawals by the owner, and prepaid expenses. Key transactions include $45,000 in initial capital from the owner, $10,200 in accounts receivable from services provided on credit, and a $5,300 cash withdrawal by the owner on November 28.

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    K Shaw Gilbert Cal

    Uploaded by

    INP PAIN
    5 views2 pages
    This document shows accounting transactions from November 1-30. It records cash payments and receipts, purchases and sales on credit, withdrawals by the owner, and prepaid expenses. Key transactions include $45,000 in initial capital from the owner, $10,200 in accounts receivable from services provided on credit, and a $5,300 cash withdrawal by the owner on November 28.

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    k shaw gilbert cal

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    This document shows accounting transactions from November 1-30. It records cash payments and receipts, purchases and sales on credit, withdrawals by the owner, and prepaid expenses. Key transactions include $45,000 in initial capital from the owner, $10,200 in accounts receivable from services provided on credit, and a $5,300 cash withdrawal by the owner on November 28.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as xlsx, pdf, or txt
    5 views2 pages

    K Shaw Gilbert Cal

    Uploaded by

    INP PAIN
    This document shows accounting transactions from November 1-30. It records cash payments and receipts, purchases and sales on credit, withdrawals by the owner, and prepaid expenses. Key transactions include $45,000 in initial capital from the owner, $10,200 in accounts receivable from services provided on credit, and a $5,300 cash withdrawal by the owner on November 28.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    Download as xlsx, pdf, or txt
    of 2

    Date Account Tittle Debit Credit

    nov. 1 Cash 30,000


    office equipment 15,000
    k.shaw,capital 45,000
    owner Investment

    nov. 2 prepaid rent 4,500


    cash 4,500
    6 month rent paid in cash

    nov. 4 office eqiupment 2,500


    office supplies 600
    account payable 3,100
    credit purchases of O.F and O.S

    nov. 8 cash 3,400


    Service revenue 1,400
    cash received for service

    nov. 12 account receivable 10,200


    service revenue 10,200
    service provided on credit

    nov.19 prepaid insurance 1,800


    cash 1,800
    insurance paid in cash

    nov. 22 cash 5,200


    account recievable 5,200
    Cash from account receivable

    nov. 24 Account recievable 1,750


    service revenue 1,750
    service provided on credit

    nov. 28 K. shaw withdrawal 5,300


    cash 5,300
    cash withdrawn by owner

    nov. 29 office supplies 249


    Account payable 249
    office equipment purcahse on credit

    nov. 30 Utilities Expense 531


    cash 531
    utility bill paid in cash

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