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10 Cards in this Set

  • Front
  • Back
Gateway paid $X for expenses, $X incurred in January, 2005 and $X to cover the misc. payables outstanding as of 12/31/04
Cash- A AP- L

Misc Exp (+E, -RE)
Misc Payable (-L)
Cash (-A)

Operating
Gateway collected $X in cash from a customer for work previously preformed and billed
Cash +A
AR -L

operating
Gateway sold land for cash, resulting in a $X loss
Cash +A
Loss (-SE)
Land (-A)

investing
Gateway purchased $x of supplies with cash
Supplies +A
Cash -A
Gateway repaid $X in principle of the bond payable
BP -L
Cash -A

Financing
Gateway paid $X for employee wages
Wage Expense E, -SE
Cash -A

Operating
Gateway paid $X to a vendor for supplies previously purchased on credit in Dec. 2004
AP -L
Cash -A

operating
Gateway paid $X in interest: $X incurred in January, 2005 and $X to cover the amount owed as of 12/31/2004
IP -L
IE (E, SE)
Cash -A

operating

INVESTING=OPERATING!
Gateway complete $X of services for a customer. X% was recieved in cash; the remainder was billed.
Cash +A
AR +L
Revenue (R, SE)

operating
Gateway purchased equitment for $X cash.
PPE +A
Cash -A

investing