ADM 1340 Study Guide - John Wiley & Sons, Accounts Payable, George Trenholm
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ADM 1340 Full Course Notes
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In transaction 7 cash is decreased and prepaid insurance is increased. ** in transaction 8 cash is increased and accounts receivable is decreased. Aug. 7 provided services and was paid cash. Aug. 11 purchased equipment with a down payment of ,000 and the balance on account. Aug. 16 collected cash in advance of providing services. Posted with permission from john wiley & sons canada, ltd. Kimmel, weygandt, kieso, trenholm, irvine financial accounting, fifth canadian edition 2012. Oct. 9 provided services and was paid cash. Oct. 12 made a partial payment on account. Oct. 15 borrowed cash and signed a note payable. Oct. 23 issued shares in exchange for cash. Oct. 30 paid rent for the month of october. Unauthorized copying, distribution, or transmission of this page is. Copyright 2012 john wiley & sons canada, ltd. Unauthorized copying, distribution, or transmission of this page is strictly prohibited. 13 no entry as the accounting equation is not affected.