ACC205 / ACC 205 Tutorial: Week 1 Assignment Treasure Hunt Exploration Company

Account

Debit

Credit

Cash

 $           5,600.00

Accounts Receivable

 $           9,450.00

Materials

 $              800.00

Exploration Machines

 $         17,160.00

Computer systems

 $         46,000.00

Accounts Due

 $          3,500.00

Notes Due

 $        18,900.00

Indiana Capital

 $        50,100.00

Indiana Drawing

 $           1,000.00

Service Income

 $        10,900.00

Salary Expenditure

 $           1,800.00

Rent Expenditure

 $              700.00

Advertising Expense

 $              100.00

Utilities Expenditure

 $              790.00

 $                     -  

Total

 $         83,400.00

 $        83,400.00