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RECEIVING CASH Lesson 1-2, page 9 Transaction 1   August 1. Received cash from owner as an investment, $10,000.00.
PAYING CASH Lesson 1-2, page 10 Transaction 2   August 3. Paid cash for supplies, $1,577.00. Transaction 3   August 4. Paid cash for insurance,  $1,200.00.
TRANSACTIONS ON ACCOUNT Lesson 1-2, page 11 Transaction 4   August 7. Bought supplies on account from Ling Music Supplies, $2,720.00. Transaction 5   August 11. Paid cash on account to Ling Music Supplies,  $1,360.00.
T ERMS REVIEW transaction account account title account balance capital  Lesson 1-2, page 12

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Les 01 2

  • 1. RECEIVING CASH Lesson 1-2, page 9 Transaction 1 August 1. Received cash from owner as an investment, $10,000.00.
  • 2. PAYING CASH Lesson 1-2, page 10 Transaction 2 August 3. Paid cash for supplies, $1,577.00. Transaction 3 August 4. Paid cash for insurance, $1,200.00.
  • 3. TRANSACTIONS ON ACCOUNT Lesson 1-2, page 11 Transaction 4 August 7. Bought supplies on account from Ling Music Supplies, $2,720.00. Transaction 5 August 11. Paid cash on account to Ling Music Supplies, $1,360.00.
  • 4. T ERMS REVIEW transaction account account title account balance capital Lesson 1-2, page 12

Editor's Notes

  1. Lesson 01-2 (GJ)