Selected activity of mason consulting services follow. date transactions 2019 sept. 1 zack mason invested $48,000 in cash to start the firm. 4 purchased office equipment for $5,300 on credit from den, inc.; received invoice 9823, payable in 30 days. 16 purchased an automobile that will be used to visit clients; issued check 1001 for $13,300 in full payment. 20 purchased supplies for $400; paid immediately with check 1002. 23 returned damaged supplies for a cash refund of $110. 30 issued check 1003 for $3,000 to den, inc., as payment on account for invoice 9823. 30 withdrew $1,800 in cash for personal expenses. 30 issued check 1004 for $1,100 to pay the rent for september. 30 performed services for $2,850 in cash. 30 paid $375 for monthly telephone bill, check 1005. prepare journal entries for the transactions incurred during september of 2019.

cash    48,000 debit

   Zack Capital Account   48,000 credit

Office equipment    5,300 debit

          Account Payable         5,300 credit

Automovile    13,300 debit

  Cash                       13,300 credit

Supplies              400 debit

      Cash                      400 credit

cash                      110 debit

       supppies             110 credit

account payable   3,000 debit

     cash                            3,000 credit

Zack Withdrawals   1,800 debit

             cash                        1,800 credit

rent expense            1,100 debit

            cash                          1,100 credit

cash               2,850 debit

    service revenue       2,850 credit

telephone expense    375 debit

              cash                          375 credit

Explanation:

We record according to the accounting principles:

debit = credit

at least 1 account being debited

and one account being credited

there are no calculation we just post the values of the transactions according to the accounting principles:

assets and expenses : increase from debit  

                                      decreases from credit

liabilities, equity and revenue: increase from credit

                                                  decreases from debit

steering wheels are always situated on the left side of the car.

always drive on the right side of the road.

white lines separate lanes of traffic traveling the same direction.

hashed or broken lines means you may change lanes when it is safe.

solid white lines mean stay in your lane.

yellow lines separate traffic moving in opposing directions.

hashed or broken yellow lines mean you can carefully pass, paying attention to oncoming traffic.

never cross a solid yellow line (or double yellow line).

when turning left at an intersection, pass in front of any cars that are turning left from the opposing direction (do not try to pass behind them).

use the left lane to pass other cars traveling your direction.

do not pass in the right lane unless absolutely necessary.

if you are driving in the far left hand lane and someone would like to pass you, move over to the right lane when it is safe to do so and allow them to pass.

you must always yield to pedestrians.

come to a complete stop whenever you see pedestrians trying to cross the street.

never pass a school bus if it has flashing red lights. wait until the lights have stopped.

be aware of bicyclists. often they share the road with cars and are supposed to also follow general traffic laws.

be particularly careful about driving in cities with bike lanes -- always check before turning that a bike is not coming.

it is mandatory to pull over or stop at an intersection to allow an emergency vehicle to pass you if you see one traveling with lights flashing and/or a siren running.

do not overuse your car horn. horns are used almost exclusively for emergency situations or for when you feel unsafe.

explanation: