Ins struction Use the information that is associated with yo

Ins struction: Use the information that is associated with your name in the table below to analyze and journalize the transactions 1 (b) (0 121 (a) . 10,000-1-1,000-1 11,000 1,50012,500 100 115 110 125 1,100 1521,200 11,500 I. Verde Company uses the following accounts from its chart of accounts: Cash (III), Accounts Receivable (112), Equipment (121) Jake Verde, Capital (311), Jake Verde, Withdrawal G12), Professional Fees, (411), Utilities Expenses (51 1), and Wages Expense (512) Record the following transactions Accounts Payable 211) cash and equipment worth $ a. Jake Verde invested in the business S b. Billed clients for services rendered S c. Utilities bill due but unpaid, $ kusoo d. Withdrew cash for personal use, S5 e. Paid salaries expense, S 500 fr his personal assets. -,soo 125 Analysis Accounting a. Investment of Cash and Equipment [12.5 Points] ACCT Descriptiorn Debit Credit Categorn [Asset, Liabilaies Capital, Reveaue, Cash Rules Accounts Affee ver hAsst Debit Egwipment t12L llysoo.co

Solution

Date Particulars A.C. No Debit Credit On purchase of equipment Equipment 121 11500 To Cash 111 11500 This is the entry on purchase of equipment.