Answer:
Sept 1. Cash (Dr.) $18,000
Common Stock (Cr.) $18,000
5. Equipment (Dr.) $8,500
Cash (Cr.) $2,500
Accounts Payable (Cr.) $5,000
8. Accounts Receivable (Dr.) $18,000
Service Revenue (Cr.) $18,000
14. Salaries Expense (Dr.) $1,200
Cash (Cr.) $1,200
25. Accounts Payable (Dr.) $2,500
Cash (Cr.) $2,500
30. Dividend Paid (Dr.) $500
Cash (Cr.) $500
Explanation:
T- Accounts:
Debits
Cash 11,800
Equipment 8,500
Accounts Receivable 18,000
Salaries Expense 1,200
Total 39,500
Credits
Service Revenue 18,000
Accounts Payable 2,500
Common Stock 18,000
Dividend Paid 500
Total 39,500
