At the end of April, Mizumi Aito decided to open her own computer service business. Analyze the
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At the end of April, Mizumi Aito decided to open her own computer service business. Analyze the following transactions she completed by recording their effects into the expanded accounting equation. Keep a running balance.
A. Invested $17,000 in her computer service business.
B. Bought new computer equipment on account, $5,000.
C. Received cash for computer services rendered, $700.
D. Performed computer services on account, $1,200.
E. Paid assistant’s salary, $300.
F. Paid office supplies expense for the month, $180.
G. Rent expenses for office due but unpaid, $1,000.
H. Withdrew cash for personal use, $800.
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College Accounting A Practical Approach Chapters 1-25
ISBN: 9780137504282
15th Edition
Authors: Jeffrey Slater, Mike Deschamps
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