During July, the following occurred:

a. Collected $800 from a credit customer.
b. Paid $2,500 for equipment purchased on account in June.
c. Did work for a client and collected cash; $1,100.
d. Paid the part-time worker's wages; $950.
e. Paid the July rent; $ 1,200.
f. Paid the July utilities; $600.
g. Performed services for a customer on credit; $1,600.
h. Called a repair person to fix the equipment in August; it will cost $350.
Using the format provided above, show the effects of the activities listed in (a) through (h). For each transaction that affects equity, include a brief description beside it (owner investment, owner withdrawal, revenue, expense).
The June transactions for Otto's Wrecking Service resulted in totals at June 30, 2014, as shown in the following accounting equation format:

Transcribed Image Text:

Assets a Liabilities+ Equity Receivable Accounts Otto Ingles, Explanation of Cash + Accounts + Supplies +Equipment = Payable + Capital Equity Transaction 6,0001,200 51,900 $6,500$4,000 S11,600