Question

Gardens Plus uses the listed accounts. The T accounts have been prepared for you. Analyze each...

Gardens Plus uses the listed accounts. The T accounts have been prepared for you. Analyze each transaction into its debit and credit parts. Enter the debit and credit amounts in the proper T accounts to show how each transaction changes account balances. Enter the date of the transactions before each amount. (Hint: You must enter the transactions in the order in which they are listed.)

account titles:

Cash
Accounts Receivable-Lee Chen
Accounts Receivable-Ginger McCure
Supplies
Prepaid Insurance
Accounts Payable-West End Supplies
Accounts Payable-Bellville Supplies
Simon Dirks, Capital
Simon Dirks, Drawing
Sales
Advertising Expense
Miscellaneous Expense
Rent Expense
Repair Expense

Utilities Expense

transactions:

May 1. Received cash from owner as an investment, $3,700.00.
2. Paid cash for rent, $600.00.
4. Paid cash for supplies, $400.00.
4. Received cash from sales, $950.00.
5. Paid cash for insurance, $375.00.
8. Sold services on account to Lee Chen, $800.00.
9. Bought supplies on account from Bellville Supplies, $300.00.
10. Paid cash for repairs, $85.00.
11. Received cash from owner as an investment, $2,900.00.
11. Received cash from sales, $1,000.00.
12. Bought supplies on account from West End Supplies, $230.00.
13. Received cash on account from Lee Chen, $650.00.
15. Paid cash for miscellaneous expense, $35.00.
16. Paid cash on account to Bellville Supplies, $60.00.
22. Paid cash for electric bill (utilities expense), $65.00.
23. Paid cash for advertising, $105.00.
25. Sold services on account to Ginger McCure, $550.00.
26. Paid cash to owner for personal use, $500.00.
30. Received cash on account from Ginger McCure, $300.00.

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