The following transactions were completed by Jacque Hamon, an educational consultant. Analyze each transaction and...
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Accounting
The following transactions were completed by Jacque Hamon, an educational consultant. Analyze each transaction and enter the amounts in the proper debit and credit positions in the T accounts at the right. (a) Invested $3,000 cash in the business. Cash Jacque Hamon, Capital (b) Received $1,000 in cash for consulting services Cash Professional Fees rendered. (c) Bought office equipment from Gusse Supply Co. Office Equipment Accounts Payable on account, $500. (d) Paid electric bill, $75. Cash Utilities Expense
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