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

a. Bill invested $60,000 in a computer company.

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

c. Bill paid personal telephone bill from company checkbook, $200.

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

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

f. Paid current rent expense, $4,000.
g. Paid supplies expense, $1,500. LO.1

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ASSETS = LIABILITIES + OWNER'S EQUITY Cash Accounts + Computer = Accounts Receivable Equipment Payable B. Wong, - Capital B. Wong, +Revenues Withdrawals - Expenses