Answer:
1)
Dr Cash 100,750
Cr Common stock 100,750
Dr Office supplies 1,250
Cr Cash 1,250
Dr Equipment 10,050
Cr Accounts payable 10,050
Dr Cash 15,500
Cr Fees earned 15,500
Dr Accounts payable 10,050
Cr Cash 10,050
Dr Accounts receivable 2,700
Cr Fees earned 2,700
Dr Rent expense 1,225
Cr Cash 1,225
Dr Cash 1,125
Cr Accounts receivable 1,125
Dr Dividends 10,000
Cr Cash 10,000
2)
<u>Cash</u> <u>Accounts receivables</u>
Debit Credit Debit Credit
100,750 1,250 <u>2,700 1,125 </u>
15,500 10,050 1,575
1,125 1,225
<u> 10,000</u>
94,850
<u>Office Supplies</u> <u>Equipment</u>
Debit Credit Debit Credit
<u>1,250 </u> <u>10,050 </u>
1,250 10,050
<u>Accounts payable</u> <u>Common Stock</u>
Debit Credit Debit Credit
<u>10,050 10,050 </u> <u> 100,750 </u>
0 0 100,750
<u>Fees earned</u> Rent Expense
Debit Credit Debit Credit
15,500 <u>1,225 </u>
<u> </u><u>2,700</u><u> </u> 1,225
18,200
<u />
<u />
<u>Dividends</u>
Debit Credit
<u>10,000 </u>
10,000
