At the end of June, Rob Falco decided to open his own computer service. Analyze the following

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At the end of June, Rob Falco decided to open his own computer service. Analyze the following transactions he completed by recording their effects in the expanded accounting equation.

a. Invested $40,000 in his computer service.

b. Bought new computer equipment on account, $6,500.

c. Received cash for computer services rendered, $1,300.

d. Performed computer services on account, $2,200.

e. Paid secretary’s salary, $325.

f. Paid office supplies expense for the month, $220.

g. Rent expenses for office due but unpaid, $800.

h. Withdrew cash for personal use, $300.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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