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Lesson 01-2 (GJ) RECEIVING CASH

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Presentation on theme: "Lesson 01-2 (GJ) RECEIVING CASH"— Presentation transcript:

1 Lesson 01-2 (GJ) RECEIVING CASH Transaction 1 August 1. Received cash from owner as an investment, $10, Lesson 1-2, page 9

2 Transaction 2 August 3. Paid cash for supplies, $1,577.00.
PAYING CASH Transaction 2 August 3. Paid cash for supplies, $1, Transaction 3 August 4. Paid cash for insurance, $1, Lesson 1-2, page 10

3 TRANSACTIONS ON ACCOUNT
Transaction 4 August 7. Bought supplies on account from Ling Music Supplies, $2, Transaction 5 August 11. Paid cash on account to Ling Music Supplies, $1, Lesson 1-2, page 11

4 TERMS REVIEW transaction account account title account balance capital
Lesson 1-2, page 12

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