Glencoe Accounting

Chapter 5: Transactions that Affect Revenue, Expenses, and Withdrawals

Homework Practice

Analyzing Transactions

Instructions

For each transaction, write a sentence describing the transaction.

 

Cash in Bank

Acc. Rec.

Supplies

Accounts Payable

Owner's Capital

Withdrawals

Revenue

Expenses

1.

10,000

   

10,000

   

2.

- 500

      

500

3.

 

900

    

900

 

4.

  

300

300

    

5.

500

- 500

      

6.

- 200

    

200

  

7.

- 150

  

- 150

    
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