=+PR 1-1B Transactions

✔ Cash bal. at end of November:

$28,100 Assets  Liabilities  Owner’s Equity Rhea Rhea Accounts Accounts Quade, Quade, Fees Rent Salaries Supplies Auto Misc.

Cash  Receivable  Supplies  Payable  Capital  Drawing  Earned  Expense  Expense  Expense  Expense  Expense 2. Briefly explain why the owner’s investment and revenues increased owner’s equity, while withdrawals and expenses decreased owner’s equity.

obj. 4 obj. 5