Leroy Greene of Vancouver decided to open his own training services company at the end of October.
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Leroy Greene of Vancouver decided to open his own training services company at the end of October. Analyze the following transactions by recording their effects in the expanded accounting equation.
A. Leroy invested $9,000 in the company.
B. Purchased new office equipment on account, $4,250.
C. Received cash for services rendered, $2,350.
D. Paid secretary's salary, $800.
E. Billed customers for training services rendered, $3,650.
F. Paid rent expense for the month, $600.
G. Leroy withdrew cash for personal use, $1,000.
H. Advertising expense was due but as yet unpaid, $400.
I. Repair to office equipment paid, $192.
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Related Book For
College Accounting A Practical Approach
ISBN: 978-0133133233
12th Canadian edition
Authors: Jeffrey Slater, Brian Zwicker
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