Question
1B-3. At the end of April, Rich Fannier decided to open his own computer service. Analyze the following transactions he completed by recording their
1B-3. At the end of April, Rich Fannier decided to open his own computer service. Analyze the following transactions he completed by recording their effects into the expanded accounting equation. Keep a running balance. a. Invested $17,000 in his 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 secretary'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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