Question
1 23 E1-4A. Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity: = LIABILITIES + 4
1 23 E1-4A. Record the following transactions in the expanded accounting equation. The running balance may be omitted for simplicity: = LIABILITIES + 4 5 ASSETS OWNER'S EQUITY 69 Cash +Accounts Receivable + Computer Equipment = Accounts Payable + B. Bell, Capital - B. Bell, Withdrawals + Revenue Expenses - 8 9 10 11 12 13 14 15 16 17 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. 18 F. Paid current rent expense, $4,000. 19 20 G. Paid supplies expense, $1,500. 21
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