5.2 Equity Transactions - A.C.

Lawn Care
Transactions
1 May 2 Received $210 cash for services performed.
2 May 3 Purchased $110 supplies on credit from Green Supply.
3 May 8 Received $400 from P. Anderson as payment on account.
4 May 10 M. Osborn paid $100 on her account Anna Conda, the owner, kept the money for personal use.
5 May 10 Received a bill from East Coast Repair for $105 for repairs to the truck.
6 May 14 Received $500 cash for services performed.
7 May 18 Paid $50 cash for an advertisement in the Daily Journal.
8 May 21 Received notice from the bank indicating that $60 was taken from the bank account to pay for interest charges on the loan.
9 May 26 Performed $350 services for M. Osborn on credit.

10 May 29 Issued a cheque for $120 to Green Supply as partial payment.

Bank A/R - Anderson A/R - McPherson

3,000.00 600.00 100.00

3,000.00 - 600.00 - 100.00

3,000.00 600.00 100.00

Supplies Equipment Truck

400.00 1,250.00 6,500.00

400.00 - 1,250.00 - 6,500.00

400.00 1,250.00 6,500.00

Bank Loan A/P - Green Supply A/P - East Coast Supply

1,800.00 200.00

- 1,800.00 - 200.00 -
1,800.00 200.00

A. Conda, Capital A. Conda, Drawings Revenue

9,850.00
 - 9,850.00 - - -
9,850.00 -

Interest Expense Telephone Expense Truck Expense

- - - - -
- - -

Debits 11,950.00 Assets 11,950.00

Credit 11,950.00 Liabilities & OE 11,950.00
nt to pay for interest charges on the loan.

A/R - McPherson A/R - Osborn

100.00

- 100.00 -
100.00

Truck

A/P - East Coast Supply

100.00

100.00
100.00

Revenue Advertising Expense

 - - -
- -

Truck Expense

-
Bank 3,880.00
A/R - Anderson 200.00
A/R - McPherson 100.00
A/R - Osborn 350.00
Supplies 510.00
Equipment 1,250.00
Truck 6,500.00
Bank Loan 1,800.00
A/P - Green Supply 190.00
A/P - East Coast Repair 205.00
A. Conda, Capital 9,850.00
A. Conda, Drawings 100.00
Revenue 1,060.00
Advertising Expense 50.00
Interest Expense 60.00
Truck Expense 105.00
13,105.00 13,105.00
 Acc.
Accounts No. Debits Credits

- -
 $ -

$ -
0.00
0.00
0.00
$ -
$ -
0.00
$ -

$ -
$ -