DigiCom repairs computers. Using the format provided below, show the effects of the activities listed in (a)
Question:
a. Stacey Crowe, owner of DigiCom, invested cash of $14,000 into her business.
b. DigiCom paid $2,500 to cover rent for the current month.
c. DigiCom purchased supplies on credit; $800.
d. DigiCom completed work for a client on credit; $3,400.
e. DigiCom purchased a new piece of equipment by paying cash of $1,950.
f. DigiCom hired a technician, to start next month, who will get paid $5,000 per month.
g. DigiCom paid for the supplies purchased in (c).
h. DigiCom performed work for a client and received cash of $3,400.
i. DigiCom paid the assistant's salary of $2,700.
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Related Book For
Fundamental Accounting Principles
ISBN: 978-0071051507
Volume I, 14th Canadian Edition
Authors: Larson Kermit, Tilly Jensen
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