Chapter 2 Analyzing and Recording Transactions QUICK STUDIES Q uick Study 2-1 (5 minutes) The likely source documents include: b. Telephone bill c. Sales ticket f. Invoice from supplier h. Bank statement Q uick Study 2-2 (10 minutes) a. I Income statement b. E Statement of owner’s equity c. B Balance sheet d. B Balance sheet e. B Balance sheet f. I Income statement g. B Balance sheet h. B Balance sheet i. B Balance sheet Quick Study 2-3 (10 minutes) a. Debit d. Debit g. Credit b. Debit e. Debit h. Debit c. Credit f. Debit i. Credit Quick Study 2-4 (10 minutes) ©McGraw-Hill Companies, 2009 Solutions Manual, Chapter 2 55haw ai a. Debit e. Debit i. Credit b. Debit f. Credit j. Debit c. Credit g. Credit k. Debit d. Credit h. Debit l. Credit Q uick Study 2-5 (10 minutes) a. Debit e. Debit i. Credit b. Credit f. Credit j. Debit c. Debit g. Credit d. Credit h. Credit Q uick Study 2-6 (15 minutes) Jan.13 Cash.......................................................................... 80,000 Equipment ............................................................... 30,000 D. Tyler, Capital............................................... 110,000 Owner invests cash and equipment. 21 Office Supplies ........................................................ 820 Accounts Payable........................................... 820 Purchased office supplies on credit. 29 Cash.......................................................................... 8,700 Landscaping Services Revenue.................... 8,700 Received cash for landscaping services. 30 Cash.......................................................................... 4,000 Unearned Landscaping Services Revenue.. 4,000 Received cash in advance for landscaping services. Q uick Study 2-7 (10 minutes) Th...
