The following transactions relate to the business of Betty’s Fashions, a service business. Jun 4  Purchased $8,000 worth of sewing materials on credit from Habba Ltd. Required: A. Indicate the effect of the above transaction on the accounting equation. NOTE: Click each box, and from the dropdown list, select the appropriate effect. Select “Not effect” if the account is not affected. [table] Date | Assets | = | Liability | + | Owner’s Equity | + | Incomes | _ | Expenses Cash | Premises | Swing Equipment | Swing Materials | Accounts Receivable | | Accounts Payable | Loan | | Capital | | Service Income | | Wage Jun 4 | Blank 1 Question 4 IncreaseDecreaseNo effect | Blank 2 Question 4 IncreaseDecreaseNo effect | Blank 3 Question 4 IncreaseDecreaseNo effect | Blank 4 Question 4 IncreaseDecreaseNo effect | Blank 5 Question 4 IncreaseDecreaseNo effect | Blank 6 Question 4 IncreaseDecreaseNo effect | Blank 7 Question 4 IncreaseDecreaseNo effect | Blank 8 Question 4 IncreaseDecreaseNo effect | Blank 9 Question 4 IncreaseDecreaseNo effect | Blank 10 Question 4 IncreaseDecreaseNo effect [/table] B. Record the above transaction in the following journal book of Betty’s Fashions. NOTE: Record the debit entry (account) before the credit entry for each journal, and select “N/A” if any box is not required. [table] Journal Entry Date | Accounts/Details | Debit (Dr) | Credit (Cr) Jun 4 | Blank 11 Question 4 CashPremisesSewing EquipmentSwing MaterialsAccounts ReceivableAccounts PayableLoanCapitalService IncomeWageN/A | Blank 12 Question 4 8,000N/A | Blank 13 Question 4 8,000N/A Blank 14 Question 4 CashPremisesSewing EquipmentSwing MaterialsAccounts ReceivableAccounts PayableLoanCapitalService IncomeWageN/A | Blank 15 Question 4 8,000N/A | Blank 16 Question 4 8,000N/A [/table] C. Enter the transactions listed above into the following general ledger accounts. NOTE: Click each box, and from the dropdown list, select the appropriate date, details and dollar amount. Select “N/A” if any ledger box is not required. SEWING MATERIALS [table] Date | Details | $ | Date | Details | $ Blank 17 Question 4 Jun 1Jun 3Jun 4Jun 5Jun 6Jun 7N/A | Blank 18 Question 4 CashPremisesSewing EquipmentSwing MaterialsAccounts ReceivableAccounts PayableLoanCapitalService IncomeWageN/A | Blank 19 Question 4 8,000N/A | Blank 20 Question 4 Jun 1Jun 3Jun 4Jun 5Jun 6Jun 7N/A | Blank 21 Question 4 CashPremisesSewing EquipmentSwing MaterialsAccounts ReceivableAccounts PayableLoanCapitalService IncomeWageN/A | Blank 22 Question 4 8,000N/A [/table] ACCOUNTS PAYABLE [table] Date | Details | $ | Date | Details | $ Blank 23 Question 4 Jun 1Jun 3Jun 4Jun 5Jun 6Jun 7N/A | Blank 24 Question 4 CashPremisesSewing EquipmentSwing MaterialsAccounts ReceivableAccounts PayableLoanCapitalService IncomeWageN/A | Blank 25 Question 4 8,000N/A | Blank 26 Question 4 Jun 1Jun 3Jun 4Jun 5Jun 6Jun 7N/A | Blank 27 Question 4 CashPremisesSewing EquipmentSwing MaterialsAccounts ReceivableAccounts PayableLoanCapitalService IncomeWageN/A | Blank 28 Question 4 8,000N/A [/table]多重下拉选择题

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