Marilyn Crone owns and operates a public relations firm called 3cst Foot forward. Inc. The following amounts summarize her business on August 31, 20XX. During September the business completed these transactions: Solution a. Debit Credit Cash 20,000 Common Stock 20000 B Debit Credit Cash 700 Revenue 700 c. Debit Credit Account payable 8,000 Cash 8000 d. Debit Credit Supplies 1,000 Account payable 1000 e. Debit Credit Cash 1,000 Account receivable 1000 f. Debit Credit Cash 1,000 Common Stock 1000 g. Debit Credit Account receivable 3,000 Revenue 3000 h. Debit Credit Rent expense 900 Adverstising expense 100 Cash 1000 i. Debit Credit Cash 100 Supplies 100 j. Debit Credit Dividend Payable 1,500 Cash 1500 .

1. Marilyn Crone owns and operates a public relations firm called 3cst Foot forward. Inc. The
following amounts summarize her business on August 31, 20XX. During September the business
completed these transactions:
Solution
a.
Debit
Credit
Cash
20,000
Common Stock
20000
B
Debit
Credit
Cash
700
Revenue
700
c.

2. Debit
Credit
Account payable
8,000
Cash
8000
d.
Debit
Credit
Supplies
1,000
Account payable
1000
e.
Debit
Credit
Cash
1,000
Account receivable
1000
f.
Debit
Credit

3. Cash
1,000
Common Stock
1000
g.
Debit
Credit
Account receivable
3,000
Revenue
3000
h.
Debit
Credit
Rent expense
900
Adverstising expense
100
Cash
1000
i.
Debit
Credit

4. Cash
100
Supplies
100
j.
Debit
Credit
Dividend Payable
1,500
Cash
1500
Debit Credit
Cash 20,000
Common Stock 20000