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During the month of August, Sunland Industries had the following transactions: Aug. 2 Aug. 6 Aug....

During the month of August, Sunland Industries had the following transactions: Aug. 2 Aug. 6 Aug. 10 Aug 15 Aug. 21 Aug. 28 A

Date Debit Account Effect Amount Credit Account Effe Aue 2 Aug 6 Aug 10 Aug 15 Aug 21 Aug 28 Aug 31

Credit Account Effect Amount > < V > <

During the month of August, Sunland Industries had the following transactions: Aug. 2 Aug. 6 Aug. 10 Aug 15 Aug. 21 Aug. 28 Aug. 31 Paid cash for the August rent of $1.490. Purchased supplies of $240 on account. Collected $5,150 from customers on account. Received $2.280 cash for services to be rendered in September Paid for supplies purchased on account on August 6. Billed customers for $7,830 for services provided in August, Paid $130 cash for utilities expense. For each transaction fill in the below table for the date of the transaction, the account name to be debited and credited and the effect on the respective account: increase to the account and for a decrease to the account
Date Debit Account Effect Amount Credit Account Effe Aue 2 Aug 6 Aug 10 Aug 15 Aug 21 Aug 28 Aug 31
Credit Account Effect Amount > < V > <
0 0
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ReportAnswer #1
Date Debit account Effect Amount Credit account Effect Amount
Aug 2 Rent expense Increase 1,490 Cash Decrease 1,490
Aug 6 Supplies Increase 240 Accounts payable Increase 240
Aug 10 Cash Increase 5,150 Accoounts receivable Decrease 5,150
Aug 15 Cash Increase 2,280 Unearned revenue Increase 2,280
Aug 21 Accounts payable Decrease 240 cash Decrease 240
Aug 28 Accoounts receivable Increase 7,830 Service revenue Increase 7,830
Aug 31 Utilities expense Increase 130 Cash Decrease 130
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