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Helfrey Marketing Services uses the listed accounts. 1. Prepare two T accounts for each transaction. On...

Helfrey Marketing Services uses the listed accounts. 1. Prepare two T accounts for each transaction. On each T account, select the account title of one of the accounts affected by the transaction. 2. Enter the debit or credit amount in each T account to show the transaction’s effect.

account titles:

Cash Supplies Prepaid Insurance Accounts Receivable-Neco Valenza Accounts Payable-All Star Company Sawyer Helfrey, Capital Sawyer Helfrey, Drawing Sales Advertising Expense Rent Expense

transactions:

Jun. 11. Received cash from sales, $22,000.00. 12. Paid cash for advertising, $1,500.00. 14. Sold services on account to Neco Valenza, $17,000.00. 18. Paid cash to owner for personal use, $5,000.00. 19. Received cash on account from Neco Valenza, $10,000.00.

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Answer #1

June 11:

June 12:

June 14:

June 18:

June 19:

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