=+Zany Delivery Service is owned and operated by Joey Bryant. The following selected transactions were completed by

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=+Zany Delivery Service is owned and operated by Joey Bryant. The following selected transactions were completed by Zany Delivery Service during February: 1. Received cash from owner as additional investment, $15,000. 2. Paid advertising expense, $900. 3. Purchased supplies on account, $600. 4. Billed customers for delivery services on account, $9,000. 5. Received cash from customers on account, $5,500. Indicate the effect of each transaction on the accounting equation elements (Assets, Liabilities, Owner’s Equity, Drawing, Revenue, and

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Accounting

ISBN: 978-1111001346

23rd Edition

Authors: Carl S. Warren

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