Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity.

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Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity.

a. B. Bell invested $60,000 in Bell’s Computer Company.

b. Bought computer equipment on account, $7,000.

c. Paid personal telephone bill from company bank account, $200.

d. Received cash for services rendered, $14,000.

e. Billed customers for services rendered for the month, $30,000.

f. Paid current rent expense, $4,000.

g. Paid supplies expense, $1,500.

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College Accounting A Practical Approach

ISBN: 978-0132564441

11th Canadian Edition

Authors: Jeffrey Slater, Brian Zwicker

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