Exercise 2-4 | Date | | Explanation | Debit | Credit | August | 1 | CashEquipment Hashim Paris, owner Owner invested | $7, 500$32, 500 | $40, 000 | | 1 | Insurance policy Cash | $3, 000 | $3, 000 | | 5 | Office Supplies Cash Purchased | $1,400 | $1, 400 | | 20 | Cash Received in photography fees earned. | $2,650 | $2,650 | | 31 | Utilities Cash | $875 | $875 |

EXERCISE 2-5 | | Debit | Credit | Cash | $4, 875 | | Office Supplies | $1, 400 | | Prepaid Insurance | $3, 000 | | Photography Equipment | $32, 500 | | H. Paris, Capital | | $40, 000 | Photography Fees Earned | | $2, 650 | Utilities Expense | $875 | | Totals | $42, 650 | $42, 650 |

Problem 2-2A | Date | Description | Debit | Credit | a | CashOffice EquipmentDrafting Equipment S. Shelton, Capital | $105, 000$6, 000$45, 000 | $156, 000 | b | Land Cash Notes Payable | $54, 000 | $4,500$48, 600 | c | Building Cash | $75, 000 | $75, 000 | d | Prepaid Insurance Cash | $6,000 | $6, 000 | e | Cash Engineering Fees | $5, 700 | $5, 700 | f | Drafting Equipment Cash Notes Payable | $22, 500 | $10, 500$12, 000 | g | Accounts Receivable Engineering Fees | $12, 000 | $12, 000 | h | Office Equipment Accounts Payable | $2,250 | $2, 250 | i | Accounts Receivable Engineering Fees | $18, 000 | $18, 000 | j | Equipment Rental Expenses Accounts Payable | $1, 200 | $1, 200 | k | Cash Accounts Receivable | $7, 200 | $7, 200 | l | Wages Expense Cash | $1, 500 | $1, 500 | m | Account Payable Cash | $2, 250 | $2, 250 | n | Repairs Expense Cash | $675 | $675 | o | S. Shelton, Withdrawals Cash | $9, 360 | $9, 360 | p | Wages Expense Cash | $1, 500 | $1, 500 | q | Advertisements Cash | $3, 000 | $3, 000 |

| Debit | Credit | Accounts Receivable | $22, 800 | |