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owner made a cash investment into the company $3,000bought supplies on account $100paid salaries...owner...

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Accounting


owner made a cash investment into the company $3,000
bought supplies on account $100
paid salaries $700
paid for supplies purchased on October 8
received company telephone bill, to be paid later , $ 50

Answer & Explanation Solved by verified expert
3.6 Ratings (511 Votes)

date

particulars

debit

credit

Cash a/c                                         Dr

     To capital a/c

3,000

3,000

Supplies a/c                                  Dr

     To account payables

100

1,00

Salaries a/c                                   Dr

     To cash a/c

700

700

Accounts payable                        Dr

     To cash a/c

100

100

Telephone expenses                  Dr.

     To telephone payable

50

50

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Transcribed Image Text

In: Accountingowner made a cash investment into the company $3,000bought supplies on account $100paid salaries...owner made a cash investment into the company $3,000bought supplies on account $100paid salaries $700paid for supplies purchased on October 8received company telephone bill, to be paid later , $ 50

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