Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity.
Question:
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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Related Book For
College Accounting A Practical Approach
ISBN: 978-0132564441
11th Canadian Edition
Authors: Jeffrey Slater, Brian Zwicker
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