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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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

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

Free

70.2K

Verified Solution

Question

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

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