At the end of November, Rick Fox of Corner Brook decided to open his own desktop publishing
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At the end of November, Rick Fox of Corner Brook decided to open his own desktop publishing business. Analyze the following transactions he completed by recording their effects in the expanded accounting equation.
A. Invested $12,000 in his desktop publishing business.
B. Bought new office equipment on account, $4,000.
C. Received cash for desktop publishing services rendered, $500.
D. Performed desktop publishing services on account, $2,100.
E. Paid part-time secretary’s salary, $650.
F. Paid office supplies expense for the month, $210.
G. Rent expense for office due but not yet paid, $900.
H. Rick Fox withdrew cash for personal use, $400
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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