Mathematics, 17.09.2021 03:30 jbismyhusbandbae
(question 1B-3 in picture)
At the end of April, Rich Fannier decided to open his own computer service. Analyze the following transactions he completed by recording their effects into the expanded accounting equation. Keep a running balance.
a. Invested $17,000 in his computer service business.
b. Bought new computer equipment on account, $5,000.
c. Received cash for computer services rendered, $700.
d. Performed computer services on account, $1,200.
e. Paid secretary's salary, $300.
f. Paid office supplies expense for the month, $180.
g. Rent expenses for office due but unpaid, $1,000.
h. Withdrew cash for personal use, $800.
Answers: 2
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(question 1B-3 in picture)
At the end of April, Rich Fannier decided to open his own computer serv...
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