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2. Frank Freeman owns Freeman's Fix it Repair Shop. For each transaction below, indicate the effect on the accounting equation. For each transaction, write +,-
2. Frank Freeman owns Freeman's Fix it Repair Shop. For each transaction below, indicate the effect on the accounting equation. For each transaction, write "+","-" or "NC" (NC = no change) for each column. Example: 11/1 Provided $540 of repair services for S. Thompson on account 11/3 Purchased $750 of supplies for cash 11/5 Hired a new assistant at a monthly salary of $2,000 that will start on 11/16 11/7 Purchased a table saw from ABC Hardware for $4,800 on account 11/15 Received $600 advance payment from customer P. Jones for a future repair project that will take place in December 11/18 Received the balance due from S. Thompson 11/30 Paid half month's salary to new assistant (may ignore payroll taxes) Date Assets Liabilities Owner's Equity 11/1 + 540 +540 NC 3. Refer to Question #2 - Journalize the transactions for November. Date Account Debit Credit
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