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2 ) Journalize the following entries and create T - tables in excel for the following examples thus, showing the impact of the accounting equation:
Journalize the following entries and create Ttables in excel for the following examples thus, showing the impact of the accounting equation: marks a Investment by Owner. On March Robert registered her business name and began setting up TDG as a sole proprietorship. Robert is the owner and manager of the business. Robert invests $ cash in the new company, which she deposits in a bank account opened under the name TDG b Purchase Supplies for Cash. On March TDG uses $ of its cash to purchase supplies. c Purchase Equipment and Supplies on Credit. On March TDG has acquired items in exchange for a promise to pay for them later. Supplies cost $ and the equipment costs $ The total liability to the Suppler RTY is $ TDG will pay for the supplies in days, but has arranged to pay for the equipment by signing an agreement called a note. d Withdrawal of Cash by Owner. On March Robert withdraws $ in cash from TDG for personal living expenses. e Payment of Expenses in Cash. On March TDG pays its landlord rent on its downtown office space at a cost of $ f Receipt of Cash for Service. On March The amount of $ is received from a client for service performed by your company.
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