Weygandt Financial Managerial ting 2e Oct 1 Oct 2 Debit 123

Weygandt, Financial & Managerial ting, 2e Oct. 1 Oct. 2 Debit 12350 Debit T3250

Solution

Affect on Acconting equation Affect on amounts 1-Oct Debit Increase Assets : Debit Cash                          24,400 Credit Increase Stockholder\'s Equity : Credit Common Stock                          24,400 2-Oct Debit No Effect : Debit No Effect 0 Credit No Effect : Credit No Effect 0 3-Oct Debit Increase Assets : Debit Office Furniture / Fixed Asset                            2,350 Credit Increase Liabilities : Credit Accounts Payable                            2,350 6-Oct Debit Increase Assets : Debit Accounts Receivable                            3,250 Credit Increase Revenue : Credit Service Revenue                            3,250 27-Oct Debit Decrease Liabilities : Debit Accounts Payable                            1,100 Credit Decrease Assets : Credit Cash                            1,100 30-Oct Debit Increase Expenses : Debit Salary Expense                            2,400 Credit Decrease Assets : Credit Cash                            2,400