.

Problem 2-3A

.

.

.

AssetsLiabilitiesOwner's Equity

.

.

.

CashAccounts PayableDavid Mack Capital(a) David began the business by placing $14,000 into a business checking account.

.

(a)14,000.00(b)450.00(c)3,900.00(a)14,000.00(b) Purchased office supplies for cash, $450.

.

(g)400.00(d2)1,100.00(d1)3,100.00(c) Purchased office equipment on account, $3900

.

(n)200.00(e)600.00(h)600.00(d) Purchased a microcomputer system (office equipment) for $4,200, paying $1,100 down and agreeing to pay the balance in 90 days.

.

(j)350.00(e) Paid first's month rent, $600.

.

(k)160.00(f) Paid for an advertisement in the local newspaper, $170.

.

(l)299.00David Mack Drawing(g) Received cash for services performed, $400.

.

(m)180.00(o)700.00(h) Purchased a laser printer (office equipment) on account, $600.

.

(o)700.00(i) Performed services on credit, $425.

.

(p)75.00(j) paid salary of part-time employee, $350.

.

(q)350.00(k) Purchased a copy of floppy disk for use with the computer, $160.

.

(l) Paid utility bill for the month, $299.

.

Accounts Receivables(m) Paid telephone bill, $180.

.

(i)425.00(n)200.00Revenue From Fees(n) Collected $200 from the services performed in transaction (i)

.

(g)400.00(o) Withdrew cash for personal use, $700.

.

(i)425.00(p) Paid to have the carpet cleaned, $75.

.

(q) Paid salary of part-time employee, $350.

.

.

.

Office Supplies

.

(b)450.00Rent Expense

.

(e)600.00

.

.

.

.

.

Office EquipmentSalaries Expense

.

(c)3,900.00(j)350.00

.

(d1)3,100.00(q)350.00

.

(d2)1,100.00

.

(h)600.00

.

.

Advertising Expense

.

(f)170.00

.

.

.

.

.

Telephone Expense

.

(m)180.00

.

.

.

.

.

.

UtilitiesExpense

.

(l)299.00

.

.

.

.

.

Misc Expense

.

(k)160.00

.

(p)75.00

.

.