Assume the following T accounts reflect Joy Co.’s general ledger and that seven transactions a through g are posted to them. Provide a short description of each transaction. Include the amounts in your descriptions.
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Cash |
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|
(a) |
7,000 |
(b) |
3,600 |
|
(e) |
2,500 |
(c) |
600 |
|
(f) |
2,400 |
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|
(g) |
700 |
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|
Office Supplies |
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|
(c) |
600 |
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|
(d) |
200 |
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|
Prepaid Insurance |
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|
(b) |
3,600 |
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|
Equipment |
|||
|
(a) |
5,600 |
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|
(d) |
9,400 |
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|
Automobiles |
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|
(a) |
11,000 |
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|
Accounts Payable |
|||
|
(f) |
2,400 |
(d) |
9,600 |
|
D. Joy, Capital |
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|
(a) |
23,600 |
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|
Delivery Services Revenue |
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|
(e) |
2,500 |
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|
Gas and Oil Expense |
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|
(g) |
700 |
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