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Accounts for Norton's Delivery Cash in Bank Store Equipment Thomas Norton, Withdrawals Accounts Receivable Accounts...

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Accounting

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Accounts for Norton's Delivery Cash in Bank Store Equipment Thomas Norton, Withdrawals Accounts Receivable Accounts Payable, ofhice Depot Delivery Fees Store Supplies Thomas Norton, Capital Rent Expense 1 Prepare a T-Account for each account used by Norton's Delivery. Use the blank T-Accounts that follow. **Only use the account titles provided in the ledger above!** 2 Analyse each transaction and record the transaction in the appropriate T-Accounts. 3 After recording all the transactions, compute the balance of each account. Indicate the normal balance side by writing "N.B. on the normal balance side of the account. 4 Total all debit account balances and all credit balances and record in space provided 1. Thomas Norton invested $17,000 cash in the business. 2. Paid $750 rent for the month, Check 101. 3. Purchased cash register (store equipment) for $1,100, Check 102. 4. Purchased boxes and wrapping paper, $300, on account from Office Depot. 5. Received $290 for delivering packages. 6. Completed a large delivery and received $1,300 for services. 7. Thomas Norton withdrew $100 for personal use, Check 103. 8. Performed a delivery on account for $70. 9. Paid $100 on account (partial payment) owed to Office Depot, Check 104

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